Table 3.6 illustrates the supply and demand schedules for calculators in Sweden and Norway

Table 3.6 illustrates the supply and demandschedules for calculators in Sweden and Norway.On graph paper draw the supply and demandschedules of each country.a. In the absence of trade what are the equilibriumprice and quantity of calculators producedin Sweden and Norway? Which country has thecomparative advantage in calculators?b. Assume there are no transportation costs. Withtrade what price brings about balance in exportsand imports? Howmany calculators are traded atthis price? How many calculators are producedand consumed in each country with trade?c. Suppose the cost of transporting each calculatorfrom Sweden to Norway is $5. With trade whatis the impact of the transportation cost on theprice of calculators in Sweden and Norway?How many calculators will each country produce consume and trade?d. In general what can be concluded about theimpact of transportation costs on the price ofthe traded product in each trading nation? Theextent of specialization? The volume of trade?