Question: 4. Demand for wheat in Home is given by = 180 4) and supply of wheat by Home producers is given by = 60 +

4. Demand for wheat in Home is given by = 180 4) and supply of wheat by Home producers is given by = 60 + 4-.The world price of wheat is $100. a. Suppose Home's government decides to support Home wheat producers by giving an export subsidy of $40 (and restricts wheat imports at the same time). Assume Home is small in the world market for wheat. Please compute and show on a graph the quantities of wheat produced and consumed at Home and the price of wheat in Home both in free trade and with the export subsidy

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