In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:

In the above figure, what are the equilibrium price and quantity?

A) $40 and 200 units B) $50 and 100 units C) $10 and 200 units D) $30 and 100 units

When a country allows trade and becomes an importer of goods, producers gain more than consumers lose

a. True b. False Indicate whether the statement is true or false