Consider the market for Georgia peaches. In the U.S., if the economy were closed, the domestic price of peaches would be $40. The rest of the world, however, is willing to pay $52 for a bushel of Georgia peaches. Refer to Scenario 9-1. If we agree to internationally trade Georgia peaches, the US Question 3 options: will become an importer of peaches. will become an exporter of peaches. may become either an importer or an exporter of peaches, but this cannot be determined. will experience increases in both consumer surplus and producer surplus