Business, 08.11.2019 06:31, jasminelynn135owmyj1

2import demand (25 points)a) (10 points) draw a domestic market for sugar with a supply ofp=.2 +.1qs(note: price is per poundand quantity is measured in thousands of tons) and a demand ofp= 5−.2qd. b) (5 points) if the world price of sugar is $1.20, how much money do consumers spend on importedsugar? econ 333 hw 2page 2c) (5 points) if a tariff of $0.20/pound is imposed, how many pounds of sugar are imported? d) (5 points) draw the import demand curve for sugar in the domestic market. be sure to label youraxes and intercepts.

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2import demand (25 points)a) (10 points) draw a domestic market for sugar with a supply ofp=.2 +.1qs...

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