Suppose sugar is exported from a nation. In the sugar market, who does NOT benefit from the exports?
A) Domestic consumers
B) Foreign consumers
C) Workers in the industry
D) Domestic producers

Question

Quizplus · Accepted Answer

Domestic consumers do not benefit from the exports because the domestic price of sugar is likely to increase due to the reduced supply available for local consumption, making sugar more expensive for them.

Suppose Sugar Is Exported from a Nation