Sugar price supports ensure an abundance of sugar, and hence reasonable prices for consumers.

Name: Sugar price supports ensure an abundance of sugar, and hence reasonable prices for consumers.
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

Sugar price supports artificially prop up the price of sugar, leading to an oversupply of sugar and higher costs for taxpayers. This can also lead to price distortions, inefficiencies, and market imbalances. Consumers are not guaranteed reasonable prices because of price supports.

Sugar Price Supports Ensure an Abundance of Sugar, and Hence