Suppose that the world price of steel is $100 a ton, India does not trade internationally, and the equilibrium price of steel in India is $60 a ton. Suppose that India now begins to trade internationally. The price of steel in India . The quantity of steel produced in India O A. rises; increases 0 B. falls; increases 0 C. falls; decreases O D. does not change; does not change 0 E. rises; decreases The quantity of steel bought by India . India steel. 0 A. increases; exports O B. decreases; exports O C. decreases; imports O D. increases; imports