The Demand for Microwaves in a Certain Country Is Given

question 11

Multiple Choice

The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity demanded will be ________ microwaves.

• A)4,000
• B)4,500
• C)5,000
• D)5,600

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Definitions:

Disagreement

A conflict or difference of opinion between two or more parties.

Cooperative

Involving mutual assistance in working toward a common goal or undertaking shared efforts for mutual benefit.

Interpersonal Conflict-Handling Styles

Different approaches or strategies individuals use to manage disagreements or disputes with others, including avoidance, accommodation, competition, compromise, and collaboration.

Assertive

Displaying a confident and forceful personality, able to express one's opinions and needs directly and honestly.