Figure 9-14

Multiple Choice

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 for domestic crude-oil consumers decreases.
B) the demand for crude oil by domestic crude-oil consumers decreases.
C) the losses of the domestic losers outweigh the gains of the domestic winners.
D) domestic crude-oil producers sell less crude oil.