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Question 232

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Use the following to answer question: Use the following to answer question: -(Figure: The Market for Tea in Sri Lanka) Use Figure: The Market for Tea in Sri Lanka.In autarky,the price is P<sub>1</sub>.When the economy is opened to trade,the price rises to P<sub>W</sub>,and producer surplus _____ to _____. A) falls;J + K B) falls;G + H + J + K C) rises;G + H + I + J + K D) rises;G + H + I
-(Figure: The Market for Tea in Sri Lanka) Use Figure: The Market for Tea in Sri Lanka.In autarky,the price is P1.When the economy is opened to trade,the price rises to PW,and producer surplus _____ to _____.


A) falls;J + K
B) falls;G + H + J + K
C) rises;G + H + I + J + K
D) rises;G + H + I

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