Figure 9-1 The Figure Illustrates the Market for Wool in Scotland

Figure 9-1
The figure illustrates the market for wool in Scotland.

-Refer to Figure 9-1.Relative to the no-trade situation,trade with the rest of the world results in

A) Scotland consumers paying a higher price for wool.
B) a decrease in producer surplus in Scotland.
C) a decrease in total surplus in Scotland.
D) All of the above are correct.