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The following two graphs show the markets for computers in Sweden and Norway. Use the graphs to answer the questions that follow. (? Sweden Norway Supply 45 45 40 40 35 35 O о 30 30 1 Supply

The following two graphs show the markets for computers in Sweden and Norway. Use the graphs to answer the questions that follow. (? Sweden Norway Supply 45 45 40 40 35 35 O о 30 30 1 Supply 25 25 PRICE (Dollars per computers) PRICE (Dollars per computers) 20 O 20 Demand 15 15 10 0 10 Demand 5 O 5 0 0 0 400 800 1200 0 400 800 1200 QUANTITY QUANTITY
Assume there are no transportation costs. With trade, the price of $ computers are traded. With trade, Sweden produces produces computers and consumes computers. brings about balance in exports and imports. At this price, computers and consumes computers, and Norway Now suppose the per-unit transportation cost from Sweden to Norway is $5. With trade, the transportation cost changes the price of computers in Sweden to $ and in Norway to $ Sweden will produce computers and consume computers, thus exporting computers. Norway will produce computers and consume computers, thus importing computers.

The following two graphs show the markets for computers in Sweden and Norway. Use the graphs to answer the questions that folAssume there are no transportation costs. With trade, the price of $ computers are traded. With trade, Sweden produces produc

Apr 12 2021 View more View Less

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