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\fPANEL A PANEL B World World PRICE Excess Supply from FOREIGN Excess Supply from FOREIGN Ext ess De ma mi from HOIME QUANTITY QUANTITY Traded Trade :1 Use Panel A and Panel B in the following: Note that the only difference is the slope of the Excess Suppl}r curve. (6 points) (c) Consider the impact of Home imposing a 10$ tariff on imponed goods om Foreign. Does Home gain more in Panel A or in Panel B from the 10$ taiiff? Explain fully and relate to the Terms of Trade effects as well as the dismrtionmy ejects. Be sure to give the intuition. \"'orld PRICE PANEL A W011 d PANEL B E xce 55 Supp 1y fro m FOREIGN Excess Supply from FOREIGN Excess Demand from HOIME E 55 Demand f1 om H0} QUANTITY QUANTITY Traded Traded Use Panel A and Panel B in the following: Note that the only difference is the slope of the Excess Supply curve. (6 points) ((1) Consider the impact of FOREIGN imposing a 10$ tariff on expoed goods to Home. Does Foreign gain more in Panel A or in Panel B from the 10$ tariff? Explain fully and relate to the Terms of Trade effects as well as the distortionary aecrs. Be sure to give the intuition