The Demand for Laser Printers in a Country Is Given

question 126

Multiple Choice

The demand for laser printers in a country is given by D = 10,000 - 2P,where P is the price of a laser printer.Supply by domestic producers is given by S = 2,000 + 8P.If the world price of a laser printer equals $800 and this economy is open to trade,then this country will

• A) export 2,000 laser printers.
• B) export 3,000 laser printers.
• C) neither import nor export laser printers.
• D) import 2,000 laser printers.
• E) import 3,000 laser printers.

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Definitions:

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The tendency to remember and give more importance to information that is encountered first in a sequence.