Consume each year as a result of the quotas on sugar imports

Reference no: EM13695950

A) How much more are U.S. consumers paying for the 20 billion pounds of sugar they consume each year as a result of the quotas on sugar imports? _______ (Hint: American prices $35.02 cents per pound, World prices $19.67 cents per pound).

B) How much sales revenue are foreign sugar producers losing as a result of those same quotas?

Reference no: EM13695950

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