Suppose That the World Price of Sugar Is $100 Per

question 107

Multiple Choice

Suppose that the world price of sugar is $100 per ton.If a
Large country gives its sugar exporters a subsidy of $50 per
Ton, then there will be:

• A)no change in its consumer surplus.
• B)a loss in consumer surplus.
• C)a gain in consumer surplus.
• D)an increase in domestic consumption.

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Definitions:

Value Analysis

A methodical approach to examining the function of goods or services to minimize cost without compromising on quality or performance.

Trial Close

A soft questioning technique used by salespeople during the sales process to gauge a prospect's readiness to buy.

Sales Presentation

A pitch or demonstration given to potential buyers highlighting the benefits and features of a product or service.

Approach Phase

The initial stage in the sales process where the salesperson first contacts the potential customer, aiming to establish rapport and understand customer needs.