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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 9-4
QUANTITY (Earrels of crude oil)
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 to the area A+B.
b. consumer surplus changes from the area A+B+D to the area A.
c. producer surplus changes from the area C to the area B+C+D.
d. total surplus decreases by the area D.
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