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Figure 9 - 4 QUANTITY ( Earrels of crude oil ) Refer to Figure 9 - 4 . When the country for which the figure
Figure
QUANTITY Earrels of crude oil
Refer to Figure When the country for which the figure is drawn allows international trade in crude oil,
a consumer surplus changes from the area to the area
b consumer surplus changes from the area to the area
c producer surplus changes from the area to the area
d total surplus decreases by the area D
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