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timofeeve [1]
2 years ago
11

Suppose the United States removes sugar quotas and the market price of sugar drops. If the demand curve for candy bars is downwa

rd-sloping, in the candy bar market we would expect the:________
a. Consumer surplus to decrease.


b. Deadweight loss to increase.


c. Consumer surplus to increase.


d. Consumer surplus to be unchanged
Business
1 answer:
Svetradugi [14.3K]2 years ago
3 0

Answer:

C. Consumer surplus to increase

Explanation:

Sugar is a cost of production. With the cost being lower, costs of production for candy bars are lower. Supply shifts right, extra CS.

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Answer:

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LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

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FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

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Average cost = [(3010 x 6) + (8130 x 8)] /

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