The Demand for Jeans in a Country Is Given by D

question 133

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 produced domestically will change from _______ pairs with no quota to _______ pairs with the quota.

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

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Definitions:

Lower Temperatures

Conditions or environments characterized by a reduced degree of heat or a temperature below the average.

Modified Leaves

Leaves that have undergone changes to serve functions other than photosynthesis, such as tendrils or spines.

Store Water

The process or capability of retaining water in bodily tissues, cells, or reservoirs in organisms or systems.

Modified Leaves

Specialized structures that arise from the leaf base and perform functions other than photosynthesis, such as protection, reproduction, or storage.