Question
In both the United States and Canada, the supply of face masks is given by Q^S=...
In both the United States and Canada, the supply of face masks is given by Q^S= −200+5P. However, the demand in the US is given by Q^D= 300−5P, while the demand in Canada is given by Q^D= 550−10P. What are the equilibrium price and quantities of face masks in the two countries?
A. US: P=45, Q=75; Canada: P=45, Q=100
B. US: P=50, Q=50; Canada: P=45, Q=100
C. US: P=50, Q=50; Canada: P=50, Q=50
D. US: P=45, Q=75; Canada: P=50, Q=50
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