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Suppose That the World Price of Sugar Is $100 Per

Question 61

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.

Correct Answer:

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