The world price of a pound of peanuts is $2.50. Before Brazil allowed trade in peanuts, the price of a pound of peanuts there was $2.00. Once Brazil began allowing trade in peanuts with other countries, Brazil began
a. exporting peanuts and the price per pound in Brazil increased to $3.50.
b. importing peanuts and the price per pound in Brazil increased to $3.50.
c. exporting peanuts and the price per pound in Brazil remained at $2.00.
d. importing peanuts and the price per pound in Brazil remained at $2.00.
