The home country has very elastic export supply curve

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1. The home country has a very elastic (flat) export supply curve. 2. The home country has a inelastic (steep) export supply curve. other things held constant, under these two situations which one will home country have a larger TOT (tariff Revenue) gain and which one will have a smaller DWL? please explain reasoning using interpretation of elasticity.

Reference no: EM131166463

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