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Can you help me solve this international trade and finance hw question? Homework: Chapter 9 Homework Score: 0 of 1 pt ' 4 :8:of is

Can you help me solve this international trade and finance hw question?

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Homework: Chapter 9 Homework Score: 0 of 1 pt ' 4 :8:of is (15 gamete) v y HW Score: 87.5%, 14 of 16 pts Chapter Problem 3 a; Question Help 0 S = 20 + 20F and D = 100 - 20F are Home's supply and demand curves for wheat. S * = 40 + 20F and D * = 80 - 20F are Foreign's supply and demand curves for wheat. On the graph to the right, show the effects of a specic tariff of $0.50 on wheat imports: Q 1) Show the price that Home's consumers pay for wheat. Using the line drawing tool, draw a horizontal line at the correct price. Label the line PT. 2) Show Foreign's export price of wheat. Using the line drawing tool, draw a horizontal line at the correct price. Label the line P.\" . 3) Using the point drawing tool, indicate the quantity supplied by Home. Label the point 05. 4) Using the point drawing tool, indicate the quantity demanded by Home. Label the point Qd. Carefully follow the instructions above and only draw the required objects. Examinethewelfareeffects ofthetariff:(RoundeachanswertoModecimalplaces.) 0 10 20 30 40 50 60 70 so 90 100 V Quantity, Q 1) The loss of consumer surp us is 16.89 . 2) The gain in producer surplus is 13.13'. 3) The government revenue is 5.00'. 4) The efciency loss is 1.26' 5) The terms of trade gain is

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