Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico,a "small" nation that is unable to affect the world price.
Figure 4.1.Import Tariff Levied by a "Small" Country

-Consider Figure 4.1.With free trade,Mexico's producer surplus and consumer surplus respectively equal:
A) $5,$605
B) $25,$380
C) $45,$250
D) $85,$195

Question

Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico,a "small" nation that is unable to affect the world price.
Figure 4.1.Import Tariff Levied by a "Small" Country
 
-Consider Figure 4.1.With free trade,Mexico's producer surplus and consumer surplus respectively equal:
A) $5,$605 
B) $25,$380 
C) $45,$250 
D) $85,$195

Quizplus · Accepted Answer

The Answer of Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico,a "small" nation that is unable to affect the world price.
Figure 4.1.Import Tariff Levied by a "Small" Country
 
-Consider Figure 4.1.With free trade,Mexico's producer surplus and consumer surplus respectively equal:
A) $5,$605 
B) $25,$380 
C) $45,$250 
D) $85,$195

Figure 41 Illustrates the Demand and Supply Schedules for Pocket Calculators