SCENARIO: DEMAND AND SUPPLY FOR IRON ORE

question 122

Multiple Choice

SCENARIO: DEMAND AND SUPPLY FOR IRON ORE
The table supplied represents a demand and supply
Schedule for a small­country producer of iron ore.It sells
Output in its home market and on the world market at the
World price of $70 per ton.
(Scenario: Demand and Supply for Iron Ore) At the world
Price of $70 per ton, how many units will be sold
Domestically?

• A)80 tons
• B)70 tons
• C)40 tons
• D)30 tons

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Definitions:

Intermittent Suction

A method used in medical procedures that involves periodic application of suction to remove bodily fluids or foreign materials.

Large Bowel Obstruction

A blockage in the large intestine that can impede the normal movement of contents through the digestive tract, leading to symptoms like abdominal pain and constipation.

Necrotic Wound

A wound characterized by dead tissue, which can result from various causes such as infection, ischemia, or trauma.

Debridement

A medical procedure involving the removal of dead, damaged, or infected tissue to improve the healing potential of the remaining healthy tissue.