Assume that the U.S. oil demand is represented by the following demand function: Pd = 40-0.15 qd and the supply curve (which represents the domestic oil producers) is: Ps =5 +0.10 qs where Po and qd are price and quantity demanded, respectively. In addition, Ps is the price charged by domestic suppliers and qs is the quantity supplied. Find the equilibrium quantity in the market for oil in the autarky without any considerations for national security or environmental externalities. 140 QUESTION 2 Find the equilibrium price in the market for oil in the autarky without any considerations for national security or environmental externalities. 35