PDF Export gives a much bigger file in Mathematica 9

Okay. I am pretty convinced that exporting PDFs via export command is horribly broken in Mathematica 9.

Show[Plot[x^(1/2), {x, 0, 10}, PlotRange -> {{-0.4, 10}, {-0.35, 4}}, 
  PlotStyle -> {Thick}, Ticks -> {{0}, {0}}, 
  AxesLabel -> {Style["l", FontSize -> 14], 
    Style["\!\(\*SuperscriptBox[\(f\), \(T\)]\)", FontSize -> 14]}], 
 Plot[(2^(1/2) x)/4 + 2^(1/2)/2, {x, 0, 10}, 
  PlotRange -> {{0, 10}, {0, 4}}, PlotStyle -> {Red}, 
  Ticks -> {{0, 2, 4, 6, 8, 10}, {1, 2, 4}}], 
 Plot[(6^(1/2) x)/12 + 6^(1/2)/2, {x, 0, 10}, 
  PlotRange -> {{0, 10}, {0, 4}}, PlotStyle -> {Purple}, 
  Ticks -> {{0, 2, 4, 6, 8, 10}, {1, 2, 4}}], 
 ListLinePlot[{{2, 2^(1/2)}, {2, 0}}, 
  PlotRange -> {{-0.5, 5.5}, {-1, 10}}, 
  Ticks -> {{0, 1, 2, 3, 4, 5}, {0, 5, 10}}, 
  PlotStyle -> {Black, Dashed}], 
 ListLinePlot[{{6, 6^(1/2)}, {6, 0}}, 
  PlotRange -> {{-0.5, 5.5}, {-1, 10}}, 
  Ticks -> {{0, 1, 2, 3, 4, 5}, {0, 5, 10}}, 
  PlotStyle -> {Black, Dashed}], 
 Graphics[Text[
   Style["\!\(\*SubscriptBox[\(l\), \(old\)]\)", Black, Bold, 
    Larger], {2, -0.15}]], 
 Graphics[
  Text[Style["\!\(\*SubscriptBox[\(l\), \(new\)]\)", Black, Bold, 
    Larger], {6, -0.15}]]]

Export["figure11.pdf", %, "AllowRasterization" -> True, 
 ImageSize -> 360, ImageResolution -> 600]

The above code produces a 5KB PDF when run in Mathematica 8.04. The same code produces a 2.9MB PDF file when run in Mathematica 9.01. Both PDFs look exactly the same.

Please see how-can-i-save-as-pdf-without-file-size-getting-too-large
and follow the link for a solution by Szabolcs there on settings needed in Options Inspector .

It seems that previous versions of Mathematica did not embed these fonts by default, but version 9 does. There are two relevant Front End options controlling front embedding:

EmbedExternalFonts
    EmbedStandardPostScriptFonts