Business, 12.08.2020 20:01, bryneosburn

The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. The U. S. is a price-taker in the tomatoes market. If trade in tomatoes is allowed, the United States:
a) will experience increases in both consumer surplus and producer surplus.
b) may become either an importer or an exporter of tomatoes, but this cannot be determined.
c) will become an exporter of tomatoes.
d) will become an importer of tomatoes.

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The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of...