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Problem 2: {III points} Suppose that Home's domestic market for wine is geectly comm've. Demand is linearso that every time price changes by $1, quantityvdemanded changes by 20. At the world price of $50, Home consumes 2425 hordes of wine per year. Also, ME = 25 + (135. a. Find the supply and demand equations and solve for Home's equilibrimn price and quantity. {4 ints h. {Pitalculate the amount ofHome's imports at the world price of $511 [2 points} c. Suppose that Home is a small importer of wine imposing a $21!] import tariff on wine bottles. Use a graph to compare free trade with the tari". Determine the vertical intercggts in your supply and demand diagram and solve for the chans in consumer surplusI producer surplus, government revenue, and net domestic welfare? {ID points} d. Suppose Home has signed an international agreement not to increase tariffs, so it imposes an import quota of 9m instead. Solve for the quota equilibrium by setting Qd 90o = (15.131 points]