(Scenario: Demand and Supply for Iron Ore) This table represents a demand and supply schedule for a small-country producer of iron ore. It sells output in its home market and on the world market at the world price of $70 per ton. Table: Demand and Supply for Iron Ore How many tons will be sold domestically when exporters receive a $10-per-ton export subsidy?
A) 10 tons
B) 20 tons
C) 30 tons
D) 40 tons

Question

(Scenario: Demand and Supply for Iron Ore) This table represents a demand and supply schedule for a small-country producer of iron ore. It sells output in its home market and on the world market at the world price of $70 per ton. Table: Demand and Supply for Iron Ore  How many tons will be sold domestically when exporters receive a $10-per-ton export subsidy?
A) 10 tons 
B) 20 tons 
C) 30 tons 
D) 40 tons

Quizplus · Accepted Answer

The Answer of (Scenario: Demand and Supply for Iron Ore) This table represents a demand and supply schedule for a small-country producer of iron ore. It sells output in its home market and on the world market at the world price of $70 per ton. Table: Demand and Supply for Iron Ore  How many tons will be sold domestically when exporters receive a $10-per-ton export subsidy?
A) 10 tons 
B) 20 tons 
C) 30 tons 
D) 40 tons

(Scenario: Demand and Supply for Iron Ore) This Table Represents