Multiple Choice
Use the following to answer question:
-(Figure: The Market for Oranges in South Africa) Use Figure: The Market for Oranges in South Africa.In autarky,the price of oranges in South Africa is P1.When the economy is opened to trade,the price falls to PW and producer surplus will _____ to area _____.
A) fall;N + Q
B) fall;Q
C) rise;M + N + O + P
D) rise;M + N + O + P + Q
Correct Answer:

Verified
Correct Answer:
Verified
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