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    -Refer to Exhibit 34-8
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-Refer to Exhibit 34-8

Question 63

Question 63

Multiple Choice

  -Refer to Exhibit 34-8.Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports) .Consumers' surplus is equal to the area __________ while producers' surplus is equal to the area __________. A)  A + B + C + D + E + F; G + H + I + J + K B)  A + C + G; B + D + E + F C)  A + B; C + G D)  A + C; G E)  A + C; B + D + E + F
-Refer to Exhibit 34-8.Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports) .Consumers' surplus is equal to the area __________ while producers' surplus is equal to the area __________.


A) A + B + C + D + E + F; G + H + I + J + K
B) A + C + G; B + D + E + F
C) A + B; C + G
D) A + C; G
E) A + C; B + D + E + F

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