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Price 01 8 1D D1D02D03004005D0600?D08009m1m0 Quantity of Steel [Tons] Because this country exports steel, the world price is represented by V . Suppose that a

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Price 01 8 1D D1D02D03004005D0600?D08009m1m0 Quantity of Steel [Tons] Because this country exports steel, the world price is represented by V . Suppose that a \"protrade" government decides to subsidize the export of steel by paying $10 for each ton sold abroad. with this export subsidy, the price paid by domestic consumers is per ton, and the price received by domestic producers is per ton. The quantity of steel consumed by domesc consumers V , 'die quanty of steel produced by domestic producers v , and the quantityr of steel exported V . True or False: With the export subsidy, domesljc producers will not sell any steel to domeslic consumers. Because this country exports steei, the world price is represented by v . Suppose that a \"protrade" government decides to subsidize the export of steel by paying $10 for each ton sold abroad. With this export subsidy, the price paid by domestic consumers is per ton, and the price received by domestic producers is per ton. The quantity of steel consumed by domesc consumers V , the quantity of steel produced by domestic producers v , and the quantity of steel exported V . decreases export subsidy, domestic producers will not sell anyr steei to domestic consumers. remains unchanged increases Under the export subsidy, consumer surplus is and producer surplus is . Government revenue 7 by El . As a result. total surplus V .

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