Consider the Guatemalan market for tangerines. The following graph shows the domestic demand and domestic supply curves for tangerines in Guatemala. Suppose Guatemala's government currently does not allow international trade in tangerines. Use the black point (plus symbol) to indicate the equilibrium price of a ton of tangerines and the equilibrium quantity of tangerines in Guatemala in the absence of international trade. Then, use the green triangle (triangle symbol) to shade the area representing consumer surplus in equilibrium. Finally, use the purple triangle (diamond symbol) to shade the area representing producer surplus in equilibrium. 660 Domestic Demand Domestic Supply -+ 620 Equilibrium without Trade 580 540 500 Consumer Surplus 460 PRICE (Dollars per ton) 420 Producer Surplus 380 340 300 260 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of tangerines)Based on the previous graph, total surplus in the absence of international trade is The following graph shows the same domestic demand and supply curves for tangerines in Guatemala. Suppose that the Guatemalan government changes its international trade policy to allow free trade in tangerines. The horizontal black line (PW) represents the world price of tangerines at $500 per ton. Assume that Guatemala's entry into the world market for tangerines has no effect on the world price and there are no transportation or transaction costs associated with international trade in tangerines. Also assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. Use the green triangle (triangle symbol) to shade consumer surplus, and then use the purple triangle (diamond symbol) to shade producer surplus. 660 Domestic Demand Domestic Supply 620 Consumer Surplus 580 540 500 Producer Surplus PW 460 PRICE (Dollars per ton) 420 380 340 300 260 0 30 60 90 120 150 180 210 240 270 300 QUANTITY (Tons of tangerines) When Guatemala allows free trade of tangerines, the price of a ton of tangerines in Guatemala will be $500. At this price, tons of tangerines will be demanded in Guatemala, and tons will be supplied by domestic suppliers. Therefore, Guatemala will export tons of tangerines.Using the information from the previous tasks, complete the following table to analyze the welfare effect of allowing free trade. Without Free Trade With Free Trade (Dollars) (Dollars) Consumer Surplus Producer Surplus When Guatemala allows free trade, the country's consumer surplus V by , and producer surplus V by . So, the net effect of international trade on Guatemala's total surplus is a V of