3.2 In mid-2015, the world price for raw sugar, 12¢

per pound, was about half of the U.S. price, 25¢

per pound, because of quotas and tariffs on sugar imports. As a consequence, American-made corn sweeteners can be profitably sold domestically. Use graphs to show the effects of a quota on sugar on prices and quantities in both the sugar and corn sweetener markets. (Hint: See Q&A 17.2.)