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Suppose the supply and demand for the domestic bike market are given as the equation below: Demand: Qd=108-2.2*p Supply: Qs=15+1.4*p Suppose the world price of

Suppose the supply and demand for the domestic bike market are given as the equation below:

Demand: Qd=108-2.2*p

Supply: Qs=15+1.4*p

Suppose the world price of bike is 12, what is the amount of export/import of bike in this market? Use positive number for import, and negative number for export.

(Hint: round your answer in 2 decimal places)

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