US Steel Market Before Tariff

US Steel Market Before Tariff
US Steel Market with Tariff
12.0
120
10.0
10.0
8TO
8.0
Price per Ton in 100s USD
6.0
Price per Ton in 100s USD
6.0
40
2.0
2.0
0.0
0 10 20 30 40 50 60 70 80 90 100
0 10 20 30 40 50 60 70 80 90 100
Millions of Tons per Year
Millions of Tons per Year
-D
D Price: Total Sales: Foreign Sales: Domestic Sales: d. By examining the charts, what is the approximate price of steel and the 1) total domestic sales, 2) sales by foreign producers, and 3) sales by domestic producers after the tariff was imposed? Price: Total Sales: Foreign Sales: Domestic Sales: e. How is the quantity of steel consumed in the US affected? f. How much steel did domestic producers sell before and after the imposition of tariffs? g. How much did foreign producers sell before and after the imposition of tariffs? h. How much of the tariff was paid by US purchasers of steel?