Figure 9-4 -Refer to Figure 9-4. When the Country for Which the for Which

question 67

Multiple Choice

Figure 9-4
-Refer to Figure 9-4. 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)consumer surplus changes from the area A to the area A + B.

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