Q3. Suppose we are in an autarky scenario and considering the market for an imported good...

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Q3. Suppose we are in an autarky scenario and considering the market for an imported good at Home. Use the following demand and supply functions for solving the various equilibrium scenarios. Demand: P=235- Supply: P=50+4Q. 1) Consider the autarky scenario first. Sketch the supply and demand curves, with the appropriate labeling for the equilibrium point, surplus regions. bas eoqini bobnash withique viupol girdilharps odd 2) Report the coordinates of the equilibrium point, which represent the price and quantity the market operates at. Q3. Suppose we are in an autarky scenario and considering the market for an imported good at Home. Use the following demand and supply functions for solving the various equilibrium scenarios. Demand: P=235- Supply: P=50+4Q. 1) Consider the autarky scenario first. Sketch the supply and demand curves, with the appropriate labeling for the equilibrium point, surplus regions. bas eoqini bobnash withique viupol girdilharps odd 2) Report the coordinates of the equilibrium point, which represent the price and quantity the market operates at.