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    Principles of Economics Study Set 2
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    Exam 9: Application: International Trade
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    Graph 9-5 This Graph Refers to the Market for Oil in Spain
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Graph 9-5 This Graph Refers to the Market for Oil in Spain

Question 115

Question 115

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 of oil and the quantity demanded in Spain after trade would be: A)  P<sub>1</sub>, Q<sub>1</sub> B)  P<sub>1</sub>, Q<sub>2</sub> C)  P<sub>1</sub>, Q<sub>0</sub> D)  P<sub>0</sub>, Q<sub>0</sub>
-According to Graph 9-5, the price of oil and the quantity demanded in Spain after trade would be:


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

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