Consider Figure 7.1. With free trade, Mexico’s producer surplus and consumer surplus respectively equal:
A. $5, $605
B. $25, $380
C. $45, $250
D. $85, $195
Answer:A
Consider Figure 7.1. With free trade, Mexico’s producer surplus and consumer surplus respectively equal:
A. $5, $605 B. $25, $380 C. $45, $250 D. $85, $195