The equation for the demand curve for writing paper in Belgium is

QD= 350- (P/2)

The equation for the supply curve for writing paper in Belgium is

QS= -200 +5P

What is the gain or loss to Belgium as a result of free trade if the world free trade price of writing paper is 120?

Select one:

a.Zero

b.10

c.1246

d.110

e.None of the above.

Refer to the question above, if the world free trade price of writing paper is 120:

Select one:

a.Belgium imports 180 units.

b.Belgium exports 120 units.

c.Belgium does not export or import at this price.

d.None of the above.