Four curves designated as I, II, III, and IV are shown in the figure. \( q_f \) is the bottomhole oil flow rate, \( q_s \) is the surface oil flow rate, and \( B_o \) is the oil formation volume factor. Which ONE of the following curves depicts the minimum wellbore storage effect?

The effect of pressure on various properties of black oil is shown in the figure. The bubble point pressure is \(P_b\).

Which of the following option(s) is/are CORRECT?