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Suppose a Small Island Nation Imports Sugar for Its Population

Question 94

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. If the government provides a subsidy of $500 per ton, then producer surplus will be ______ per day. A) $0 B) $1,000 C) $4,000 D) $8,000 If the government provides a subsidy of $500 per ton, then producer surplus will be ______ per day.


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

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