Question 15 1 pts The Fristad is a small country that has a domestic oil industry. Fristad's domestic supply function for oil is Q = 1000P and is domestic demand function for oil is Q = 400,000 - 4000P, where Q is barrels of oil per day and P is dollars per barrel. Currently Fristad does not trade oil internationally. The world price of oil is $50 per barrel. If Fristad were to transition to a regime of free trade in oil, its total daily domestic surplus would increase by about O $2.25 million O $5.6 million O $3.75 million O $2.8 million $3.6 million O None of the options provided is correct