Question

The graph on the right represents the domestic supply and demand for coal a number of years ago. In the absence of trade, the equilibrium price is $? per ton and the equilibrium quantity is ? million tons. (Round your responses to two decimal places.) The government opens the market to free trade, and Indonesia enters the market, pricing coal at $1 per ton. The domestic price of coal will now be $? per ton. (Round your response to two decimal places.) The new domestic quantity supplied will be ? million tons and the new domestic quantity demanded will be ? million tons. (Enter your responses as integers.) The amount of coal imported from Indonesia will be ? million tons. (Enter your response as an integer.) After numerous complaints from domestic coal producers, the government imposes an import quota of 50 million tons on Indonesian coal. The domestic price of coal is now $? per ton. (Round your response to two decimal places.) The new domestic quantity supplied is ? million tons and the new domestic quantity demanded is ? million tons. (Enter your responses as integers.)

          The graph on the right represents the domestic supply and demand for coal a
number of years ago.
In the absence of trade, the equilibrium price is $? per ton and the equilibrium
quantity is ? million tons. (Round your responses to two decimal places.)
The government opens the market to free trade, and Indonesia enters the market,
pricing coal at $1 per ton.
The domestic price of coal will now be $? per ton. (Round your response to two
decimal places.)
The new domestic quantity supplied will be ? million tons and the new domestic
quantity demanded will be ? million tons. (Enter your responses as integers.)
The amount of coal imported from Indonesia will be ? million tons. (Enter your
response as an integer.)
After numerous complaints from domestic coal producers, the government imposes
an import quota of 50 million tons on Indonesian coal.
The domestic price of coal is now $? per ton. (Round your response to two decimal
places.)
The new domestic quantity supplied is ? million tons and the new domestic quantity
demanded is ? million tons. (Enter your responses as integers.)

The graph on the right represents the domestic supply and demand for coal a
number of years ago.
In the absence of trade, the equilibrium price is ? per ton and the equilibrium
quantity is ? million tons. (Round your responses to two decimal places.)
The government opens the market to free trade, and Indonesia enters the market,
pricing coal at1 per ton.
The domestic price of coal will now be ? per ton. (Round your response to two
decimal places.)
The new domestic quantity supplied will be ? million tons and the new domestic
quantity demanded will be ? million tons. (Enter your responses as integers.)
The amount of coal imported from Indonesia will be ? million tons. (Enter your
response as an integer.)
After numerous complaints from domestic coal producers, the government imposes
an import quota of 50 million tons on Indonesian coal.
The domestic price of coal is now? per ton. (Round your response to two decimal
places.)
The new domestic quantity supplied is ? million tons and the new domestic quantity
demanded is ? million tons. (Enter your responses as integers.)

Added by Joan A.

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