Business, 17.02.2020 18:02 wednesdayA

For a small country called Boxland, the equation of the domestic demand curve for cardboard is Q^D = 200 - 2P, where Q^D represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a ton of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is Q^s = -60 + 3P, where Q^s represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard.
Required:
1. Suppose the world price of cardboard is $45. Then, if Boxland goes from prohibiting international trade in cardboard to allowing international trade in cardboard,
O domestic producers of cardboard become better off and domestic consumers of cardboard become worse off.
O domestic producers of cardboard become better off and domestic consumers of cardboarc become better off.
O domestic producers of cardboard become worse off and domestic consumers of cardboard become better off.
Odomestic producers of cardDoard become worse off and domestic consumers of cardboard become worse off.

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For a small country called Boxland, the equation of the domestic demand curve for cardboard is Q^D =...

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