The 2021 demand and supply curves for softwood lumber in Canada are as follows:

P = $ 300 -Q_D^{Can +Potts} (1)

P = $ 60 + 2Q_S^Can (2)

whereQ_D^{Can +Potts}is the demand in Canada by Canadian and Pottsvillian consumers for softwood lumber.

As a result of softwood producers lobbying by Pottsvillian producers, in 2022 Pottsville will no longer purchase Canadian softwood. The Pottsvillian demand for Canadian softwood is given by

P = 240- 2Qd^Potts (10)

What are the economic effects of US softwood no longer being sold in Canada?

Original price ___________ (1 mark) Original output _____( 1 mark)

New price in 2022 ________ (6 marks) New output in 2022 _________(6 marks)

Original sales (2021) sales by Pottsvillian firms in Canada _________(3 marks)

Original sales (2021) by Canadian firms _________(2 marks)

New sales (2022) by Canadian firms