How does this export subsidy (similar to a tariff) affect the domestic price of steel, the quantity of steel produced, the quantity of steel consumed, and the quantity of steel exported?
On the flip side however, this also leads to decreased demand and consumption due again to higher prices ; consumers are less willing or able to purchase goods at high costs , resultingin fewer sales . Also if international buyers find they can not purchaseat competitiveprice levels then they may choose procureelsewh er e instead furthercausingdomestic demand drop .
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