Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson

Exercise 12

A recent flyer on a university campus stated that consumers should boycott sugar due to the low wages earned by laborers on sugar cane farms in Florida. Using the notion of derived demand, what impact would a boycott on sugar have on the wages of the farm laborers in the short run? In the long run? *Asterisk denotes questions for which answers are given in Appendix B.