Figure 6.2 illustrates the calculator market for Mexico, assumed to be a small nation that is unable to influence the South Korean (world) price. Assume the South Korean price to be $60 per calculator.
Figure 6.2. Effects of an Export Subsidy 
-Consider Figure 6.2.With free trade, Mexicans attain $______________ of consumer surplus from the availability of calculators, while Mexican producer surplus equals $______________.
A) $400, $200
B) $200, $400
C) $500, $180
D) $500, $240
Correct Answer:
Verified
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