The table shows the hypothetical demand and supply for coffee beans in two countries: Ethiopia and Azerbaijan. Use the information in the table to answer the questions. Price ($) per pound (1b) of coffee beans Price ($/1b) Ethiopia quantity Ethiopia quantity Azerbaijan quantity Azerbaijan quantity demanded (1b) supplied (Ib) demanded (Ib) supplied (Ib) 8 180 500 155 210 200 460 180 180 6 250 410 200 160 5 280 360 220 140 A 320 320 240 125 3 350 280 260 115 What would the equilibrium price and quantity in Ethiopia and Azerbaijan be if no trade took place? price in Ethiopia: $ 320 quantity in Ethiopia: 320 Ib price in Azerbaijan; $ 180 quantity in Azerbaijan: 180Suppose that research finds a link between high fructose corn syrup (HFCS) and obesity, which then leads American consumers to switch from HCFS products to pure cane sugar products. The graphs below show the markets for cane sugar in Haiti and the U.S before the studies were divulged. Shift the curves in the graphs to describe the new trade equilibrium that results after the switch in preferences of American households, and then answer the follow-up question. Assume that the U.S and Haiti are the only non-HFCS sugar trading parties in the world and that there are no quotas, subsidies, or tariffs distorting these markets. United States Haiti Domestic Supply Domate Supply Price (5) Price (5) Domestic Demand Domestic Domand 0 123 4 56 7 8 01011 12131415161718 1920 0123456 78 910111213141516 17 18 1920 Quantity (thousands of pounds] Quantity (thousands of pounds) According to your answer above, at the new equilibrium: Cane sugar producers in the U.S are worse off. All Haitian cane sugar consumers benefited. Cane sugar producers in Haiti benefited