Suppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 41CTQ: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower...
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Suppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places?

Answer:

    (269.20)

could you explain the answer by excel please

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