2. Suppose cheap mountain bikes are made in both the US and the Philippines. The supply and demand for each market are given by: U_S Philippines Qd=9110P Qd=1000.5P Qs=100P2000 Qs=P20 a. Find the autarky equilibrium price and quantity sold in each country. b. Now suppose the two countries engage in international trade with each other. Find the combined supply and demand equations. 0. Now nd the trade price and quantity (world total quantity and imports/exports). Comment on the trade price and the relative size of the two markets. d. In general, which country will gain relatively more by engaging in international trade. Explain briey