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Use the following to answer question: 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 P<sub>1</sub>.When the economy is opened to trade,the price falls to P<sub>W</sub> and the change in total surplus is area: A) O. B) O + P. C) M + N + O + P. D) M + N + O + P + Q.
-(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 PW and the change in total surplus is area:


A) O.
B) O + P.
C) M + N + O + P.
D) M + N + O + P + Q.

Correct Answer:

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