A how much more are us consumers paying for the 20 billion, Ask an Expert

Economics

A) How much more are U.S. consumers paying for the 20 billion pounds of sugar they consume each year as a result of the quotas on sugar imports? _______ (Hint: American prices $35.02 cents per pound, World prices $19.67 cents per pound).

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

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91235388

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