4. Suppose, Home is a large country. Home imports beef from foreign. Home's and W demand and supply functions for beef are following: Home Foreign D=13t}l(}P D*= 12a- 15p Supply 3 = 40 + lP 3* = 60 +151- a) (3 Points} In the following diagram, ll the boxes (i, ii, and iii} with appropriate numbers: Show your work for full credit. b) (12 Points) Now suppose home imposes a specific tariff of 1 on beef imports. In the following diagram, fill the boxes (iv, v, vi, and vii) with appropriate numbers: P iV. PT PW V. PT" D Q Vi. vii. Show your work for full credit. c) (10 Points) Calculate the terms of trade gain and efficiency loss. Show your work for full credit. Is home better off or worse off after imposition of tariff