(a) How much more are U.S. consumers paying for the 12 tons of sugar they consume each...

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(a) How much more are U.S. consumers paying for the 12 tons of sugar they consume each year as a result of the quotas on sugar imports? (See In the News “Sugar Quotas a Sour Deal”).

(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: 9781118152003

15th Edition

Authors: Bradley R. Schiller, Karen Gebhardt

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