Multiple Choice
If U.S.quotas on imported sugar were eliminated,
A) The supply of sugar in the United States would shift to the left and prices would rise.
B) The demand for sugar in the United States would shift to the left and prices would fall.
C) The supply of sugar in the United States would shift to the right and sugar prices would fall.
D) The world price of sugar would rise.
Correct Answer:
Verified
Correct Answer:
Verified
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