3. Suppose Home is a large country. It used to do free trade and faced the export supply curve XI. Now it imposes a specific tariff and faces the export supply curve X2. Use the graphs below to answer the questions. Be sure to show your steps. (3 points each, 18 points in total) (1) Under free trade, what is domestic market price? What is world market price? What is import quantity? (2) How much is the tariff per unit? (3) Under the tariff, what is domestic market price? What is world market price? What is import quantity? (4) Calculate the tariff revenue. (5) Label the area of the deadweight loss (i.e. show, using the letters provided, the area in the picture that corresponds to the tariff revenue). Then calculate its value. (6) Label the welfare change for the Home country going from free trade to the tariff, and then calculate its value. (7) Label the welfare change for the Foreign country going from free trade to the tariff, and then calculate its value