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Gliberace's Fashion Accessories of Las Vegas produces gem-stone encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 5(QLA + QSF). Demand for Gliberace's stones in the two cities is given by QLA = 70 - 2PLA and QSF = 55 - PSF. If Gliberace price discriminate between the two cities, how many stones will it sell in Los Angeles?
a. 30
b. 36
c. 38
d. 43
e. 48
Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
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The steel industry has been lobbying for high taxes on imported steel. Russia, Brazil also Japan have been producing also selling steel on world markets
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