You are given the following market data for lotion in the U.S. Market. Demand: P = 120-20 Supply: P = 55+3Q. Suppose U.S. and Canada open their lotion market for trade between the two nations. With trade, in short-run, the demand for lotion produced in the U.S. will be P = 140-20. Use the worksheet to provide following answers. i. Will U.S. be an importer or exporter of lotion with trade? Please show your calculations and explain how you determined whether U.S. will be an importer or exporter of lotion. ii. Calculate the amount imported (or exported) to(from) the U.S. Please show your calculations. The amount of lotion imported (or exported) to(from) the U.S. will be units. You are given the following market data for lotion in the U.S. Market. Demand: P = 120-20 Supply: P = 55+3Q. Suppose U.S. and Canada open their lotion market for trade between the two nations. With trade, in short-run, the demand for lotion produced in the U.S. will be P = 140-20. Use the worksheet to provide following answers. i. Will U.S. be an importer or exporter of lotion with trade? Please show your calculations and explain how you determined whether U.S. will be an importer or exporter of lotion. ii. Calculate the amount imported (or exported) to(from) the U.S. Please show your calculations. The amount of lotion imported (or exported) to(from) the U.S. will be units