Consider Figure 8.1. With free trade, Mexico’s consumer surplus and producer surplus respectively equal:
A. $2,000 and $1,200
B. $3,200 and $200
C. $3,600 and $800
D. $4,000 and $600
Answer:B
Consider Figure 8.1. With free trade, Mexico’s consumer surplus and producer surplus respectively equal:
A. $2,000 and $1,200 B. $3,200 and $200 C. $3,600 and $800 D. $4,000 and $600