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S = 20 + 20P and D=100-20P are Home's supply and demand curves for wheat S = 40+20P and D -80-20P are Foreign's supply and

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S = 20 + 20P and D=100-20P are Home's supply and demand curves for wheat S = 40+20P and D -80-20P are Foreign's supply and demand curves for wheat With free trade the price of wheat is $ 1.5 (Enter your response rounded to the nearest penny) Suppose homo imposes a specific tariff of $0.50 on wheat. Home consumers will now pay and foreign's export price is ${Round your responses rounded to the nearest ponny) Now assume that foreign is a much larger country, Specifically, Foreign's demand curve for wheat is ' =800-200P. Its supply curve is s' 400-200P. With free trade the price of wheat is $(Round your response rounded to the nearest penny) Suppose Homo imposes a specific tariff of $0.50 on wheat. Home consumers will now pay $[] and foreign's export price is $(Round your response rounded to the nearest penny in which caso does the tariff create the greatest forms of trade gaine? When Home is D about the same size as Foreign smal relativo to Foreign

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