1- [30 marks) Suppose Home is a small country. Use the graphs in Figure 1 to answer the following questions. (Hint: The area of a triangle is given by 9% x base x height and the area of a rectangle is given by base x height.) Le [h] Import mail! Figure 1. a_ Calculate Home consumer surplus and producer surplus in the absence of trade. b- Now suppose that Home engages in trade and faces the world pricEl'" = $6. Determine the consumer and producer surplus under free trade. Does Home benet from trade? Explain. C. Concerned about the welfare of the local producers, the Home government imposes a tariff in the amount of $2 (i.e.t = $2}. Determine the net effect of the tariff on the Home economy