The Demand for DVD Players in a Country Is Given

question 68

Multiple Choice

The demand for DVD players in a country is given by D = 300 - 0.2P,where P is the price of a DVD player.Supply by domestic producers is given by S = 100 + 0.8P.The world price of a DVD player equals $100.In equilibrium,when this economy is closed to trade,the quantity of DVD players demanded domestically equals _________,and when this economy opens to trade,the quantity of DVD players demanded domestically equals __________.

• A) 180;260
• B) 180;280
• C) 260;180
• D) 260;280
• E) 280;260

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Definitions:

If-Then Statement

A conditional statement in logic and programming that connects an action or response to a preceding condition.

Stereotype Threat

The risk of conforming to stereotypes about one's social group, which can negatively affect performance in various domains.

Cognitive Miser

A theoretical concept suggesting that humans prefer to take mental shortcuts for decision-making to conserve cognitive energy.

Demand Characteristics

Aspects of a study that give away its purpose or communicate how the participant is expected to behave.