Figure 9-14

question 83

Multiple Choice

Figure 9-14.On the diagram below,Q represents the quantity of crude oil and P represents the price of crude oil.
-Refer to Figure 9-14.When the country for which the figure is drawn allows international trade in crude oil,

• A)consumer surplus changes from the area A + B + D to the area A.
• B)producer surplus changes from the area C to the area B + C + D.
• C)total surplus decreases by the area D.
• D)All of the above are correct.

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