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Refer to the Information Provided in Figure 19

Question 52

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Refer to the information provided in Figure 19.5 below to answer the questions that follow.
Refer to the information provided in Figure 19.5 below to answer the questions that follow.    Figure 19.5 -Refer to Figure 19.5.The domestic price of oil is $130 per barrel,and the world price of oil is $120 per barrel.If the domestic government imposes a tariff of $________ per barrel,it will eliminate all oil imports and achieve tariff revenues of $________. A) 10; zero B) 5; 20 million C) 5; 45 million D) 10; 120 million Figure 19.5
-Refer to Figure 19.5.The domestic price of oil is $130 per barrel,and the world price of oil is $120 per barrel.If the domestic government imposes a tariff of $________ per barrel,it will eliminate all oil imports and achieve tariff revenues of $________.


A) 10; zero
B) 5; 20 million
C) 5; 45 million
D) 10; 120 million

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