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

Question 85

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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) . The removal of the $100 per ton tariff would cause a(n) __________ in imports of __________ million tons. A) increase; 5 B) increase; 10 C) increase; 15 D) decrease; 5 E) decrease; 10
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) . The removal of the $100 per ton tariff would cause a(n) __________ in imports of __________ million tons.


A) increase; 5
B) increase; 10
C) increase; 15
D) decrease; 5
E) decrease; 10

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