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Suppose a Small Island Nation Imports Sugar for Its Population

Question 83

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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. If the government provides a subsidy of $500 per ton, then consumer surplus will be ______ per day. A) $1,000 B) $4,000 C) $8,000 D) $9,000 If the government provides a subsidy of $500 per ton, then consumer surplus will be ______ per day.


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

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