5. Suppose, Home is a large country. Home impons beef om foreign. Home's and Foreign's demand and supply mctions for beef are following: _-_ D218010P 13*: 12015P S=40+10P S*=60+15P a) In the following diagram, ll the boxes (i, ii, and iii) with appropriate numbers: 8 oints iii. Show your work for full credit. b) 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: 12 points P iV . PT PW V. PT* D vi. VI1. Show your work for full credit. c) 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? 10 points