Scenario 9-2 • for a Small Country Called Boxland,the Equation of the of the Domestic

question 265

Multiple Choice

Scenario 9-2
• For a small country called Boxland,the equation of the domestic demand curve for
cardboard is ,
where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard.
• For Boxland,the equation of the domestic supply curve for cardboard is ,
where represents the domestic quantity of cardboard supplied,in tons,and again
represents the price of a ton of cardboard.
-Refer to Scenario 9-2.If Boxland prohibits international trade in cardboard,then the equilibrium price of a ton of cardboard is

• A)$36 and the equilibrium quantity of cardboard is 74 tons.
• B)$44 and the equilibrium quantity of cardboard is 88 tons.
• C)$52 and the equilibrium quantity of cardboard is 96 tons.
• D)$60 and the equilibrium quantity of cardboard is 100 tons.

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Definitions:

Outcomes

In legal contexts, this term refers to the final results or consequences of legal proceedings or actions.

Begging The Question

A logical fallacy in which the conclusion of an argument is assumed in the formulation of the argument itself.

Slippery Slope

A logical fallacy that suggests a minor action will lead to major and oftentimes negative consequences without providing evidence for such a drastic outcome.

Kant

A German philosopher in the 18th century known for critical philosophy, especially his Critique of Pure Reason.