Question: Kindly answer only question 3, but question 2 is needed so I posted it. 2. (4 points) Suppose the domestic demand for tshiits (in thousands)

Kindly answer only question 3, but question 2 is needed so I posted it.

2. (4 points) Suppose the domestic demand for tshiits (in thousands) is represented by the equation P = 80 2Q and domestic supply for t-ShiI'tS (in thousands) is represented by the equation P = 5 + Q. a. Graph the domestic demand and supply for tshirts on the gure on the next page. Suppose there is no opportunity for international trade. What is the equilibrium price and quantity for t- shirts

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