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Figure 9-14

question 83

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


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