The Demand for Jeans in a Country Is Given by D

question 88

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 and this economy is open to trade.If a quota of 40 pairs is placed on jeans imports,the quantity of jeans demanded domestically will change from ________ pairs with no quota to _______ pairs with the quota.

• A) 52;82
• B) 52;76
• C) 82;76
• D) 82;52
• E) 82;36

---

Definitions:

Principal Place Of Business

The primary location where a business's executive offices and operations are conducted.

Articles Of Incorporation

The primary legal document used to officially form a corporation, outlining basic details like the company's name, structure, and purpose.

Agreement To Incorporate

A formal arrangement or pact made by individuals to form and register a corporation, detailing the nature of the business, stakeholder rights, and responsibilities.

Agreement To Subscribe

A formal accord where an individual or entity agrees to purchase a certain number of shares or units of a product or service.