:a) What is the new work market relative price? (bi Does foreign gain from trade? Illustrate your answer by chawing foreign's production and coxwumption points under free trade as well as foreign's indillerence curves under aut arky and free trade. fo) Does home gain from trade? Illustrate your answer by drawing home': production and consumption points ander free brand: as well as bounce's indifference curves under autarky and free track. (d) In the light of this exercise, which party will gain more frame a potential free trade agreement between Australia and the European Union? In your answer. refer to the tolative size of the countries