Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney

Exercise 14

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.