In this question, we study the consequences of trade policies on the automobile market. we assume that cars are all similar on the market (in other words, a car is a homogeneous good). the supply of japanese cars is perfectly elastic at a price pj = 20. moreover, the supply of cars made in the us is qsus = p − 15 for any price larger than 15.
finally, the demand for cars from american consumers is qd = 30 − 1/2p.

1. we now assume that the american economy opens up to trade. as a consequence, american consumers can buy japanese cars. what will be the new equilibrium quantities and prices? how many cars will be imported and how many will be produced domestically?
2. on a new graph, plot the supply of car on the american market, the new equilibrium and the consumer and producer surpluses.
3. what are the new consumer and producer surplus in this new context? who is winning or losing from opening the economy to international trade? what is the overall effect on total welfare?

15

step-by-step explanation:

we are given the following expression and we are to solve it and find the product:

-13 × (-5)

solving the given expression in the standard order of solving a mathematical expression, beginning with the opening of brackets and then multiplying the terms and changing their signs.

-3 × -5 = 15 (answer is positive because when negative is multiplied with negative, it gives a positive answer)

step-by-step explanation:

the multiplicative inverse of a fraction a/b is b/a. for the multiplicative inverse of a real number, divide 1 by the number. for example, the reciprocal of 5 is one fifth 1/5 or 0.2, and the reciprocal of 0.25 is 1 divided by 0.25, or 4.

add an image

step-by-step explanation:

i would be happy to . most people on would also love to i'm sure. if you just want someone who has done algebra before and want a little more personal relationship than just begging strangers for , i can certainly be of service. i do have college myself so i might not be 24/7.