題組內容

 1. Let the inverse demand function of good t in a country be Px = 5- Dx, where P. is the price of z and Ds is the quantity demanded. The quantity supplied is Qx and the inverse supply function is Px =3+ Qx. Answer the following questions.

B. (8 points) Suppose the country is small. The price ofx in the international market is 3. Will the country import or export x? Calculate the quantity of export or import.