The domestic demand for bicycles is given by P = 80- Q. The supply of domestic producers is given by P = 15+ Q, and the international supply by P = 20. Note: For each graphing question, select the proper drop-down for the graph and plot the lines using two points. Round your numerical values to the nearest whole digit. Demand Line Price ($) 90- 75- 60- 45- 30- I 15- 10 20 30 Reset 40 50 60 70 80 90 100 Quantity (bicycles) a) Draw the supply curve, the demand curve, and the world price line. What are the amounts supplied by domestic suppliers and by foreign suppliers. Amount supplied by domestic suppliers = 0 bicycles Amount supplied by foreign suppliers = 0 bicycles b) If the government gives a production subsidy of $15 per unit on the domestic suppliers in order to increase their competitiveness, draw the new supply curve with the subsidy and compute the new quantities supplied by domestic and foreign producers. Amount supplied by domestic suppliers (with subsidy) = 0 bicycles Amount supplied by foreign suppliers (with subsidy) = 0 bicycles c) What is the cost to the government of this scheme? Subsidy Cost=$0