Question: 1 . Why do US soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world? 2 . Draw a US Coke

1. Why do US soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world?
2. Draw a US Coke bottlers demand for corn syrup. (Hint: You are free to assume any data necessary to draw the demand.)
3. Use your figure to explain how the following changes would affect the Coke bottlers demand for corn syrup: (i) removal of the federal restrictions against sugar imports; (ii) an increase in the sales of Pepsi; and (iii) shift in consumer preferences towards unsweetened beverages.
4. Who benefits and who loses from the federal restrictions against sugar imports?

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