Belgium is a small country which produces and consumes gooseberries. The quantity demand of gooseberries is Qd= 120-4P, and quantity supply is Qs= 2P in Belgium. If world price of gooseberries is Rs 15 then Belgium will export or import gooseberries and by how much?

/in /by

Belgium is a small country which produces and consumes
gooseberries. The quantity demand of gooseberries is Qd= 120-4P, and
quantity supply is Qs= 2P in Belgium. If world price of gooseberries is
Rs 15 then Belgium will export or import gooseberries and by how
much?

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