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) What price will
Domestic iron ore consumers pay for their iron ore
Purchases when there is a $10perton export subsidy?
A)$10 per ton
B)$60 per ton
C)$70 per ton
D)$80 per ton

Question

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) What price will
Domestic iron ore consumers pay for their iron ore
Purchases when there is a $10­per­ton export subsidy?
A)$10 per ton 
B)$60 per ton 
C)$70 per ton 
D)$80 per ton

Quizplus · Accepted Answer

The Answer of 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) What price will
Domestic iron ore consumers pay for their iron ore
Purchases when there is a $10­per­ton export subsidy?
A)$10 per ton 
B)$60 per ton 
C)$70 per ton 
D)$80 per ton