suppose home is a large country whose supply and demand curves are 15-p and s=p-1

a. assume world price pw is 5 calculate cs and ps under free trade

b. suppose home government impose a tariff of 2 dollars what is the new home price what is the price received by foreign exporters

c. determine the terms of trade for home with the tariff does hoe welfare increase or decrease due to the tariff

d. at what amount would the tariff be considered prohibitive