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1 . Why do US soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world? 2 . Draw a US Coke
Why do US soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world?
Draw a US Coke bottlers demand for corn syrup. Hint: You are free to assume any data necessary to draw the demand.
Use your figure to explain how the following changes would affect the Coke bottlers demand for corn syrup: i removal of the federal restrictions against sugar imports; ii an increase in the sales of Pepsi; and iii shift in consumer preferences towards unsweetened beverages.
Who benefits and who loses from the federal restrictions against sugar imports?
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