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Exhibit 34-8 Refer to Exhibit 34-8. Assume That the Current Price of Current

Question 96

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Exhibit 34-8 Exhibit 34-8 Refer to Exhibit 34-8. Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports) . Americans purchase __________ million tons of sugar from U.S. producers and import __________ million tons of sugar from abroad. A) 15; 10 B) 15; 20 C) 10; 5 D) 10; 15 E) 10; 20
Refer to Exhibit 34-8. Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports) . Americans purchase __________ million tons of sugar from U.S. producers and import __________ million tons of sugar from abroad.


A) 15; 10
B) 15; 20
C) 10; 5
D) 10; 15
E) 10; 20

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