Question: suppose the domestic supply and demand curves for mp3 players...
Suppose the domestic supply and demand curves for MP3 players in the United States are given by the following set of equations:
QS = 25 + 10P
QD = 925 – 5P
If the United States could trade MP3 players freely with the rest of the world at a price of $90 the United States would import ____ MP3 players and export ______ MP3 players.