(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 What is the total value of the export subsidy that exporters receive?
A) $500
B) $800
C) $400
D) $100

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  What is the total value of the export subsidy that exporters receive?
A) $500 
B) $800 
C) $400 
D) $100

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  What is the total value of the export subsidy that exporters receive?
A) $500 
B) $800 
C) $400 
D) $100

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