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Use the following to answer questions 10-19: Figure: The Market for Oranges in South Africa Price of oranges Domestic supply M O . P Pw
Use the following to answer questions 10-19: Figure: The Market for Oranges in South Africa Price of oranges Domestic supply M O . P Pw Domestic demand QT Q1 CT Quantity of oranges 16. (Figure: The Market for Oranges in South Africa) Look at the 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. South Africa will oranges and the volume of trade will equal A) import; Cr- Or export; CT - Qr import; Q1 - QT D) export; CT - Q1
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