1. We have the following demand and supply curves for wheat for the home and foreign economies. Show all work. Home Foreign Supply: QC = 400 + 10? Qc\" = 400 + 20P* Demand: Dc = 2600 - 10 P Dc* = 2600 - 20P* a. Derive the home import demand schedule and the foreign export supply schedule. b. Compute the price and quantity traded under free trade. c. Assume that home levies a tariff of $15 on wheat imports. Compute the home price, foreign price and the quantity traded under the tariff. d. Draw a diagram showing (i) the home import demand curve and the foreign export supply curve, (ii) the free trade price and quantity traded, (iii) the home price under the tariff, the foreign price under the tariff and the quantity traded under the tariff, (iv) the tariff revenue, and (V) the global deadweight loss resulting from the tariff. Calculate the size of the areas in (iv) and (V)