assignment

small country produces sugar domestically but also imports from other countries. The domestic supply curve is QSdomestic=Sp 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. (2) what is the equilibrium price? (2) What is the quantity imported? (2)