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 P1.When the economy is opened to trade,the price rises to PW.Sri Lanka will _____ tea and the volume of trade will equal _____.
Definitions:
Residual Income
The income that remains after subtracting all the costs of capital from the net operating income.
Net Operating Income
Earnings before interest and taxes (EBIT), a measure of a company's profitability from operations.
Minimum Required Return
The minimum return that investors expect to earn from their investment.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied by the standard price per unit of materials.
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