Oil is initially sold in an open, perfectly competitive market. Domestic oil producers are willing to supply oil according to the supply function P (Os ) = 38 + Q and domestic consumers demand oil according to the function P(Op ) = 192 - Q. where P represents the cost in dollars per barrel and Q is measured in thousands of barrels. 363,000 barrels (Q = 363) are imported when the market is perfectly competitive. Later, the government imposes an Import tariff that causes domestic supply to increase by 30,000 barrels (increase in Q by 30). Calculate the loss of market efficiency and the tariff revenues generated as a result of the import tariff. Don't forget to convert your answer to reflect the units appropriate to this problem. . To receive full marks, you must illustrate a graph with areas clearly labeled with letters so the TA can follow your work and calculations. . Refer to the lettered-areas when you calculate the "new" and "original" scenario. For example, if the problem asks you to quantify the change in CS, you should derive ACS = CSnew - CSold, instead of just identifying ACS. . Only one numerical calculation for the area of lettered-areas of the graph is required for the