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Author Question: Assume that a country has a domestic demand curve defined as Qd = 100 - 2P and a domestic supply ... (Read 139 times)

123654777

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on: Jun 30, 2018
Assume that a country has a domestic demand curve defined as Qd = 100 - 2P and a domestic supply curve defined as Qs = -20 + 3P. What is the country's import demand curve (Qm)?
 
  What will be an ideal response?

Question 2

An expenditure-changing policy
 
  A) alters the direction of the economy's total demand for goods and services.
  B) alters the level of the economy's total demand for goods and services.
  C) has no effect on aggregate demand.
  D) is the same thing as an expenditure-switching policy.
  E) affects aggregate supply but not aggregate demand.


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mcni194

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Qm = Qd - Qs = (100 - 2P) - (-20 + 3P) = 120 - 5P

Answer to Question 2

B


123654777

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Reply 2 on: Jun 30, 2018
Gracias!

dantucker

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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