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The Before-Trade Price of Fish in Greece Is $3

Question 89

Multiple Choice

The before-trade price of fish in Greece is $3.00 per pound.The world price of fish is $5.00 per pound.Greece is a price-taker in the fish market.If Greece begins to allow trade in fish,its consumers of fish will become


A) better off, its producers of fish will become better off, and on balance the citizens of Greece will become better off.
B) worse off, its producers of fish will become better off, and on balance the citizens of Greece will become better off.
C) worse off, its producers of fish will become better off, and on balance the citizens of Greece will become worse off.
D) better off, its producers of fish will become worse off, and on balance the citizens of Greece will become worse off.

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