-If the Economy in the Diagram Above Is Open to Trade,the

Multiple Choice

-If the economy in the diagram above is open to trade,the world price of oil is $20 per barrel,and a $5 per-barrel tariff is levied per barrel of oil imported,then domestic production of oil equals _______ million barrels and domestic consumption of oil equals _______ million barrels.

A) 9;12
B) 12;12
C) 12;16
D) 16;9
E) 9;16