Suppose the United States removes the current sugar quotas and the market price of sugar drops.?

Question

Suppose the United States removes the current sugar quotas and the market price of sugar drops.In the candy bar market, we would expect ______.

a.) the consumer surplus to increase

b.) the consumer surplus to decrease

c.) the consumer surplus to be unchanged

d.) the dead weight loss to increase

Answer 1

a.) the consumer surplus to increase