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Home's demand curve for wheat is P=10 - (1/2004. Its supply curve is P=4+ (1/2005 Foreign's demand curve for wheat is P * = 8
Home's demand curve for wheat is P=10 - (1/2004. Its supply curve is P=4+ (1/2005 Foreign's demand curve for wheat is P * = 8 - (1/20204* Its supply curve is P* = 2+(1/20)Qs* Home imposes a specific tariff of T = 1 on wheat imports. C Home's tariff-ridden import demand curve, the import demand curve stated in terms of the Foreign tariff-ridden price, is MT=0-OpTorp-0-Out The Foreign price with the tariff is p. - The home price with the tariff is p. The quantity demanded and quantity supplied in the Home country with the tariff are D, -and S2 = O The volume of home country imports with the tariff is M - 0
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