A small country produces sugar domestically but also imports from other countries. The domestic supply curve is Qsdomestic=5p and the foreign supply curve is Qsforeign=10p . The demand of sugar in this country is given by Qd=100−5p .
Give the coefficients of the aggregate (i.e. combined) supply curve for this market, expressed as Qsaggregate=a+bp ..what is the value of a and b..what is the equilibrium price and quantity imported
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