-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 $25 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) 6;11
B) 11;11
C) 11;16
D) 16;6
E) 6;16