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The scenario below I have put question marks and options for the correct answer in parenthesis for what I need answered. Steel Industry Consider a

The scenario below I have put question marks and options for the correct answer in parenthesis for what I need answered.

Steel Industry

Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and supply for steel in this country. One of the two price lines represents the world price of steel.

Use the following graph to help you answer the questions below. You will not be graded on any changes made to this graph.

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