What domestic quantity demanded be once country participates


Problem

Suppose the demand curve intercepts the price axis at P=$200. The supply curve intercepts the vertical axis at P=$50.

If there is no international trade, the equilibrium price is $95 and the equilibrium quantity is 84.

A demand curve of Qd=160 - 0.8*P would be consistent with this data. If the world price is $70, what will domestic quantity demanded be once this country participates in international trade?

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Microeconomics: What domestic quantity demanded be once country participates
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