A country that produces and consumes a large amount of cell phones comparatively has just entered the world market. If the country becomes a net-importer of coffee, we would expect to see:
A) an increase in both the world price and world quantity of cell phones.
B) an increase in the world price of cell phones and a decrease in the world quantity of cell phones.
C) a decrease in both the world price and world quantity of cell phones.
D) a decrease in the world price of cell phones and an increase in the world quantity of cell phones.
Correct Answer:
Verified
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