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Graph 9-5 This Graph Refers to the Market for Oil in Spain

Question 86

Multiple Choice

Graph 9-5
This graph refers to the market for oil in Spain.
Graph 9-5 This graph refers to the market for oil in Spain. -According to Graph 9-5, the price and quantity of oil in Spain before trade would be: A) P<sub>0</sub>, Q<sub>0</sub> B) P<sub>1</sub>, Q<sub>1</sub> C) P<sub>1</sub>, Q<sub>2</sub> D) P<sub>1</sub>, Q<sub>0</sub>
-According to Graph 9-5, the price and quantity of oil in Spain before trade would be:


A) P0, Q0
B) P1, Q1
C) P1, Q2
D) P1, Q0

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