SCENARIO: DEMAND AND SUPPLY FOR IRON ORE
The table supplied represents a demand and supply
Schedule for a smallcountry producer of iron ore.It sells
Output in its home market and on the world market at the
World price of $70 per ton. 
(Scenario: Demand and Supply for Iron Ore) At the world
Price of $70 per ton, how many units will be sold
Domestically?
A) 80 tons
B) 70 tons
C) 40 tons
D) 30 tons
Correct Answer:
Verified
Q24: Figure: Home's Exporting Industry I
The graph shows
Q25: Figure: Home's Exporting Industry I
The graph shows
Q26: Figure: Home's Exporting Industry I
The graph shows
Q27: Suppose that the world price of sugar
Q28: SCENARIO: SUGAR TRADE IN BIRDONIA
In autarky, suppose
Q30: SCENARIO: SUGAR TRADE IN BIRDONIA
In autarky, suppose
Q31: SCENARIO: DEMAND AND SUPPLY FOR IRON ORE
The
Q32: Figure: Home's Exporting Industry I
The graph shows
Q33: SCENARIO: SUGAR TRADE IN BIRDONIA
In autarky, suppose
Q34: Suppose that the world price of sugar
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