Figure: The Market for Tea in Sri Lanka
(Figure: The Market for Tea in Sri Lanka) Look at the figure The Market for Tea in Sri Lanka.In autarky, the price of tea in Sri Lanka is P₁.When the economy is opened to trade, the price rises to PW and producer surplus will ________ to _.
A.fall; J + K
B.fall; G + H + J + K
C.rise; G + H + I + J + K
D.rise; G + H + I

Question

Figure: The Market for Tea in Sri Lanka
   (Figure: The Market for Tea in Sri Lanka) Look at the figure The Market for Tea in Sri Lanka.In autarky, the price of tea in Sri Lanka is P₁.When the economy is opened to trade, the price rises to PW and producer surplus will ________ to _. 
A.fall; J + K
B.fall; G + H + J + K
C.rise; G + H + I + J + K
D.rise; G + H + I

Quizplus · Accepted Answer

The Answer of Figure: The Market for Tea in Sri Lanka
   (Figure: The Market for Tea in Sri Lanka) Look at the figure The Market for Tea in Sri Lanka.In autarky, the price of tea in Sri Lanka is P₁.When the economy is opened to trade, the price rises to PW and producer surplus will ________ to _. 
A.fall; J + K
B.fall; G + H + J + K
C.rise; G + H + I + J + K
D.rise; G + H + I

Figure: the Market for Tea in Sri Lanka