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

Question 171

Multiple Choice

Figure 9-4 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.
-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.

Correct Answer: