(a) How much more are U.S. consumers paying for the 24 billion pounds of sugar they consume...

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(a) How much more are U.S. consumers paying for the 24 billion pounds of sugar they consume each year as a result of the quotas on sugar imports? (See News, p. 461.)

(b) How much sales revenue are foreign sugar producers losing as a result of those same quotas?

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The Micro Economy Today

ISBN: 9781259291814

14th Edition

Authors: Bradley Schiller, Karen Gebhardt

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