The function of supply and demand for some domestic

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Uploaded: 27.05.2013
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The function of supply and demand for some domestic goods in the imaginary country are as follows
Qd = 200-2P and Qs = -220 + 4P.
Under free trade, the volume of imports of the product in the country amounted to 100 units.
After the introduction of customs import duty for every unit of imported product the volume of its imports fell by 40%.
The corresponding amount of customs import duty is:
1) 30 den. U .;
2) 25 den. U .;
3) 20 den. U .;
4) 10 den. U .;
5) The value is not provided in the above answers.


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