Rest of the world price for oil is $100 per barrel and the domestic market is described by .
What is the domestic price and quantity assuming free trade?
What is the domestic production?
Does the country import or export the good? How much?
If $1 per unit tax is introduced, by how much do the imports or exports change?

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The Answer of Rest of the world price for oil is $100 per barrel and the domestic market is described by .
What is the domestic price and quantity assuming free trade?
What is the domestic production?
Does the country import or export the good? How much?
If $1 per unit tax is introduced, by how much do the imports or exports change?

Rest of the World Price for Oil Is $100 Per