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 consumer surplus will _____ to area _____.
Definitions:
Recessionary Period
A phase in the business cycle where the economy declines and is marked by reduced industrial activity, widespread unemployment, and falling prices or stagnant growth.
Portfolio Beta
A measure of the volatility, or systematic risk, of a portfolio of investments compared to the overall market.
Market Portfolio
A theoretical bundle of all investable assets in the market, with each asset weighted according to its market capitalization.
Risk-Free Asset
An investment with a certain return and no risk of financial loss, typically represented by government securities.
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