Question

According to the news wire, how much more are U.S. candy companies paying for sugar as a result of the import quota?

a) 5%
b) 10%
c) 15%
d) 20%

Answer 1

d) 20%. U.S. candy companies are paying 20% more for sugar due to the import quota, leading to higher food prices for consumers.

Step-by-step explanation:

According to the information provided, U.S. candy companies are paying 20% more for sugar as a result of the import quota. The sugar import quota limits the amount of sugar that can be imported from other countries, which leads to higher prices for domestic candy companies. This increase in cost is passed on to consumers, resulting in higher food prices overall.