Figure 9-14

question 188

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 for domestic crude-oil consumers decreases.
• B)the demand for crude oil by domestic crude-oil consumers decreases.
• C)the losses of the domestic losers outweigh the gains of the domestic winners.
• D)domestic crude-oil producers sell less crude oil.

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Definitions:

Polypharmacy

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