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Suppose a Small Island Nation Imports Sugar for Its Population

Question 137

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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 consumer surplus? A) $1,000 per day B) $4,000 per day C) $8,000 per day D) $9,000 per day With no subsidy, what is consumer surplus?


A) $1,000 per day
B) $4,000 per day
C) $8,000 per day
D) $9,000 per day

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