Question: I do not need to show work for this so you can omit that Assume Home's Demand curve for Wheat is: D=100-20P Home's Supply Curve
I do not need to show work for this so you can omit that

Assume Home's Demand curve for Wheat is: D=100-20P Home's Supply Curve is: S=20+20P Foreign's Demand curve for Wheat is: D*=80-20P Foreign's Supply Curve is: S*=40+20P Foreign exports wheat. The international price of wheat is $1.5 when there is free trade. Assume that Home's government imposes a $.70 per ton of wheat tariff, what will be the new home price and the new world prECE? 0 World Price=$1.10 and Home Price=$1.60 0 World Price=$1.10 and Home Price=$1.80 0 World Price=$1.15 and Home Price=$1.65 0 World Price=$1.15 and Home Price=$1.85 0 World Price=$1.25 and Home Price=$1.95
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