Suppose That the U

Suppose that the U.S. imposes a countervailing duty of 10% on coated paper imported from China to offset alleged Chinese subsidies. Suppose further that the U.S. duty-free price of Chinese coated paper imports is $500 per 1,000 meter roll and that the price of an equivalent roll of U.S.-made coated paper is $600 per 1,000 meter roll. What is the U.S. government's estimate of the dollar value of the Chinese subsidies?

A) $50 per 1,000 meter roll
B) $60 per 1,000 meter roll
C) $50 to $60 per 1,000 meter roll
D) $100 per 1,000 meter roll