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