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 the world price of sugar will: Orise to $50 per ton. Ofall by less than $50 per ton. remain at $100 per ton. Ofall by $50 per ton.

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 the world price of sugar will: Orise to $50 per ton. Ofall by less than $50 per ton. remain at $100 per ton. Ofall by $50 per ton.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter6: The Economics Of Political Action

Section: Chapter Questions

Problem 15CQ

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rise to $50 per ton.
fall by less than $50 per ton.
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 the world price of sugar will:
remain at $100 per ton.
fall by $50 per ton.

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