Economics (12th Edition)
Economics (12th Edition)
12th Edition
ISBN: 9780133872279
Author: Michael Parkin
Publisher: PEARSON
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Chapter 7, Problem 12APA

(a)

To determine

What happens to the US price of sugar when US enters into international trade.

(b)

To determine

Whether the US buyers buy more or less sugar at new price.

(c)

To determine

Whether the US sugar growers produce more or less.

(d)

To determine

Whether the US imports or exports sugar.

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