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The World Price of Steel Is $100 a Ton

Question 254

Multiple Choice

The world price of steel is $100 a ton.Before international trade,the price of steel in India is $60 a ton.If India begins trading internationally,the price of steel in India ________ and steel mills in India ________ the quantity they produce.


A) rises; increase
B) falls; increase
C) does not change; increase
D) rises; decrease
E) falls; decease

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