|
|
Subject:
Economics
Category: Business and Money > Economics Asked by: jojo7777-ga List Price: $10.00 |
Posted:
08 Mar 2006 01:15 PST
Expires: 08 Mar 2006 20:35 PST Question ID: 704843 |
With demand and supply curves- if the price is $10, the quantity demanded is 500 and the amount supplied is 50, which amount - the 500 or the 50 is what is consumed? From that, how do you determine of that amount what is produced domestically and what part is imported |
|
There is no answer at this time. |
|
Subject:
Re: Economics
From: jack_of_few_trades-ga on 08 Mar 2006 06:53 PST |
This sounds very much like a homework problem so I (and probably the researchers) will not answer it... however here is a bit of guidance: It sounds like the entire situation is not explained. "the amount supplied is 50" "determine of that amount what is produced domestically and what part is imported" So... Is the 50 the total supplied (as stated) or is that the total supplied domestically (and more can be supplied as imports)? It seems the information provided isn't enough to determine what part of either of those would be provided domestically vs imported. Keep in mind while answering your question that only the amount that exists (perhaps less but never more) can be consumed. Best of luck with the answer! |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |