QUESTION 32 Price 100 75 50 18.5 19.25 20 More ofbarels per day Suppose the graph above accurately depicts the daily US demand curve for oil and that an increase in supply causes the price of oil to fall from $100 to $50 a barrel, what is the change in the daily consumer surplus? a. $925 million b. $37.5 million c. $1.85 billion d. $962.5 million QUESTION 33

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