the current world production of oil is 350 million barrels per day and the current world price of oil is N$850 per barrel.the price elasticity of demand is -0.3 and elasticity of supply is 0.1 . Shiwa investment is planning to enter the wolrd oil market with a daily production of 13 million barrels of oil per day . for similarity, assume that the supply and demand curve are linear

Calculate market price and total supply of oil after shiwa investment has enter the world oil market and explain why the total supply of oil increases with less than a 13 million