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 trade in peaches is allowed, the Question 10 options: price paid by American consumers of peaches is unchanged relative to the no-trade situation. total well-being of American producers of peaches is diminished relative to the no-trade situation. total well-being of American consumers of peaches is enhanced relative to the no-trade situation. total well-being of the United States is enhanced relative to the no-trade situation