The equation for the demand curve for writing paper in Belgium is QD=350 (P/2) [or P = 700 - 2QD] The equation for the supply curve for writing paper in Belgium is - 200+ 5P[or P = 40 + Qs/5] Qs == 1. What are the equilibrium price and quantity if there is no international trade? P= 613 输入答案 ; Q= 输入答案 2. What are the equilibrium quantities for Belgium if the nation can trade freely with the rest of the world at a price of 120? Qd= 输入答案 ; Qs= 输入答案 I 3. What is the net national gain or loss for Belgium when it shifts from no trade to free trade? (with the "one dollar, one vote" assumption) Net Gain/Loss by 输入答案

The equation for the demand curve for writing paper in Belgium is QD=350 (P/2) [or P = 700 - 2QD] The equation for the supply curve for writing paper in Belgium is - 200+ 5P[or P = 40 + Qs/5] Qs == 1. What are the equilibrium price and quantity if there is no international trade? P= 613 输入答案 ; Q= 输入答案 2. What are the equilibrium quantities for Belgium if the nation can trade freely with the rest of the world at a price of 120? Qd= 输入答案 ; Qs= 输入答案 I 3. What is the net national gain or loss for Belgium when it shifts from no trade to free trade? (with the "one dollar, one vote" assumption) Net Gain/Loss by 输入答案

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 8PA

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