A Country traded 9.3 million barrrel of oil per day. The world price is below the equilibrium price. Given that the demand and supply function is D= -2 + (1/2)P, S= 15 - (1/4)P. The equilibrium price is $22.67 per barrel. Since the world price is below the equilibrium price, there will be a shortage of crude oil in the country. The shortage created by the world price below the equilibrium price can be dealt with by buying crude oil from foreign suppliers. Calculate the quantity of crude oil to be imported if the world price is $11.00 per barrel.

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