Luke and mia are selling their home. they listed their house three months ago at an extremely high selling price, a price they randomly chose. they do not want to reduce the price to reflect what the marketplace shows their home is really worth. luke and mia are participants in bias

If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u. s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.