Multiple Choice
We find that the world price of sugar is 20 cents a pound,the U.S.does not trade internationally,and the U.S.equilibrium price of sugar is 30 cents a pound.If the U.S.begins to trade internationally,the price of sugar in the U.S.________ to the world price and U.S.consumers buy ________ sugar.
A) falls; more
B) falls; less
C) rises; more
D) rises; less
E) falls; no
Correct Answer:

Verified
Correct Answer:
Verified
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