The Demand for Jeans in a Country Is Given by D

question 83

Multiple Choice

The demand for jeans in a country is given by D = 100 - 0.6P,where P is the price of a pair of jeans.Supply by domestic producers is given by S = 20 + 0.4P.The world price of a pair of jeans equals $30.In equilibrium,when this economy is closed to trade,the quantity of jeans demanded domestically equals __________,and when this economy opens to trade,the quantity of jeans demanded domestically equals __________.

• A) 32;36
• B) 32;52
• C) 52;82
• D) 52;32
• E) 32;82