Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below. If the government provides a subsidy of $500 per ton, then consumer surplus will be ______ per day.
A)$1,000
B)$4,000
C)$8,000
D)$9,000

Question

Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below.  If the government provides a subsidy of $500 per ton, then consumer surplus will be ______ per day.
A)$1,000 
B)$4,000 
C)$8,000 
D)$9,000

Quizplus · Accepted Answer

The Answer of Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below.  If the government provides a subsidy of $500 per ton, then consumer surplus will be ______ per day.
A)$1,000 
B)$4,000 
C)$8,000 
D)$9,000

Suppose a Small Island Nation Imports Sugar for Its Population