Use the Following to Answer Question

question 120

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 P_W and consumer surplus will _____ to area _____.

• A)fall;M
• B)fall;M + N
• C)rise;M + N + O
• D)rise;M + N + O + P