Suppose there is a island nation with no international trade but capable of growing many vegetables. Consider the market for tomatoes on the island (for our purposes, consider the currency on the...

Suppose there is a island nation with no international trade but capable of growing many vegetables. Consider the market for tomatoes on the island (for our purposes, consider the currency on the island is called dollars.

assume the demand for tomatoes of Qd= 450-100P while supply is described by Qs = 50P where P is the price in dollars per kilogram of tomatoes and Q is the quantity of tomatoes expressed in the thousand of kilograms.

calculate the equilibrium price and quantity in the market for tomatoes

Graphically depict this outcome, labeling the demand curve as D1 and supply curve as S1.