Suppose a Small Island Nation Imports Sugar for Its Population

question 129

Multiple Choice

Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below. With no subsidy, what is consumer surplus?

• A)$1,000 per day
• B)$4,000 per day
• C)$8,000 per day
• D)$9,000 per day

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