A recent article in the New York Times discussed how the weakening of the British pound relative to other currencies has made Scotch whisky "more affordable for buyers outside of Britain". (Scotch whisky is made in Scotland, which is a country that uses the British pound. In EC 202, we discuss how changes in exchange rates affect the prices of exports.

For now, just assume that the world price of whisky has gone down. How will this affect producer surplus and consumer surplus in countries that have international trade in whisky?

A) Consumer surplus rises, producer surplus falls

B) Consumer surplus and producer surplus both rise

C) Consumer surplus and producer surplus both fall

D) Consumer surplus falls, producer surplus rises