10. Use Exhibit 1. Suppose the government of Chile provides a subsidy of $100 per ton to its steel producers. If the supply curve indicated as Schile + Quota is also the supply curve that exists if the subsidy is provided, then which of the following statements is (are) correct? (x) If the subsidy is provided, domestic production equals 46 tons of steel and the quantity of imports equals 56 tons of steel. (y) As a result of the subsidy, Chilean steel producers gain more than $3,400 of producer surplus and consumer surplus remains the same as Chile moves from free trade to subsidized trade (z) The total cost of the subsidy to the Chilean government equals $4,600 A. (x),(y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (x) only 10. Use Exhibit 1. Suppose the government of Chile provides a subsidy of $100 per ton to its steel producers. If the supply curve indicated as Schile + Quota is also the supply curve that exists if the subsidy is provided, then which of the following statements is (are) correct? (x) If the subsidy is provided, domestic production equals 46 tons of steel and the quantity of imports equals 56 tons of steel. (y) As a result of the subsidy, Chilean steel producers gain more than $3,400 of producer surplus and consumer surplus remains the same as Chile moves from free trade to subsidized trade (z) The total cost of the subsidy to the Chilean government equals $4,600 A. (x),(y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (x) only