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Suppose a Small Island Nation Imports Sugar for Its Population

Question 30

Multiple Choice

Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below. Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below. With no subsidy, what is producer surplus? A) $0 per day B) $1,000 per day C) $4,000 per day D) $8,000 per day With no subsidy, what is producer surplus?


A) $0 per day
B) $1,000 per day
C) $4,000 per day
D) $8,000 per day

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