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ANC Earbuds are a substitute for the Airpods Pro 3

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ANC Earbuds are a substitute for the Airpods Pro 3

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ANC has released a pair of "airpods" with an msrp of $150, while Apple just released their new Airpods Pro 3 which have an msrp of $250. WIth the ear buds being eerily similar the ANC earbuds are seemingly the perfect substitute for the Apple Airpods. They come in at $100 cheaper and are essentially the same product. When looking at a demand curve for the Apple Airpods due to the ANC earbuds being a substitute at a cheaper price than NICEST shows that the demand curve will shift to the left. This is because the demand for Airpods will decrease with a cheaper alternative being available, price also might drop over time. People that cannot afford to pay $250 for a pair of earbuds will now have a cheaper alternative without a lot of lost quality. This helps support those with tighter budgets. It primarily effects the middle to lower class who do not have a ton of extra cash lying around. It also effects the revenue Apple will generate with the release of their new Airpods Pro 3 since they are competing against a cheaper alternative.

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This $150 pair of ANC earbuds are the perfect budget alternative to the AirPods Pro 3

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SIOUX FALLS, S.D. (AP) - The price of most organic food could jump this fall because of new policies and tariffs on imported organic sugar, frustrating manufacturers who say the actions won't help sugar growers but could put some food companies out of business.

More than 90% of organic sugar used by U.S. manufacturers is imported. The price of that product increased in August when the Trump administration imposed steep trade , and will rise even more when high-tier duties on most organic sugar imports take effect Oct. 1.

The result, according to the Organic Trade Association, is that the price of organic sugar is expected to soar by an average of 30%, increasing costs of producing most organic foods - everything from yogurt to cookies.

Each year, the U.S. imports 1,825 tons (1,656 metric tons) of specialty sugar because it is required under a World Trade Organization agreement. But demand for organic sugar far exceeds that amount, so the U.S. Department of Agriculture sets an annual quota for the amount of specialty sugar that can be imported into the U.S. duty-free.

Last year, the quota was 231,485 tons (210,000 metric tons), which still wasn't enough to meet demand. This year, the USDA's quota taking effect Oct. 1 will be zero, and all organic sugar imports beyond the WTO minimum will be hit with high out-of-quota duties.

The U.S. Department of Agriculture has said its restrictions on specialty sugar imports are intended to help the U.S. sugar industry.

In response to questions about its new policy, the USDA released a statement saying that "the decision was not made to benefit any single entity," and it would continue to monitor market conditions.

Specialty sugar policy could lead to higher prices

The limits on duty-free imports of specialty sugar plus a new 50% on Brazil, which supplies 40% of the U.S.' organic sugar, is especially difficult because organic products are already more expensive than their conventional counterparts. Growers must meet more requirements to be certified organic, such as restrictions on pesticides and fertilizers.

U.S. manufacturers say that buying domestic organic sugar isn't an option because there is only one U.S. farm that produces the specialty crop, and converting a conventional farm to organic takes at least three years.

They warn the combined effect of the tariff and import caps may force them either to raise prices or curb production.

"It's essentially punishing domestic manufacturers for using an ingredient that we really can't obtain domestically, and don't have any prospects of obtaining domestically any time in the near future," said Britt Lundgren, who oversees government affairs for organic yogurt maker Stonyfield.

Tom Chapman, co-CEO of the Organic Trade Association, said he expects "dramatic impacts."

"The high tier tariff is so high that we don't see that it's an absorbable rate of tariff, in addition to all the other tariffs that would apply," Chapman said.

Organic food manufacturers will buy most of the imported organic sugar, though some will be offered on grocery shelves, where home bakers likely will see increased prices.

U.S. not producing enough organic sugar to meet demand

Demand for organic sugar had already been outpacing imports for the past several years. But that situation did not spur any new domestic producers, organic food manufacturers said.

In addition to limited production, the U.S. also has limited organic sugar processing because ingredients that are certified organic must be segregated from conventional ingredients when processed.

Whole Earth Brands, a company that sells a variety of sweeteners, is anticipating a 100% increase in organic sugar costs, according to company president Nigel Willerton.

"We supply every major supermarket in the U.S. and natural food stores. We'll see our prices go up quite considerably. There's nothing we can avoid there," he said.

How much prices will change depends on how much sugar is used in the product. For example, sweeteners that are made almost entirely from organic sugar are likely to see bigger price increases than dairy products, where organic sugar is not the main ingredient.

Higher sugar costs may lead some businesses to shut down

Many organic food manufacturers are smaller operations, so they are more sensitive to increases in input costs, Willerton said. Some of them may not have the profit margins to absorb the cost, and they are unable to replace organic sugar substitutes because it would require product reformulation.

"We've got lots of small companies involved in this business," Willerton said. "These small premium companies producing these products are literally going to find themselves priced out of the market."

The U.S. government has long had a prominent role in sugar production, with policies for setting minimum prices and generous loan programs.

Still, Chapman said he doesn't understand what the USDA is trying to accomplish with its restrictions.

"When we looked at the USDA announcements, they were talking about domestic sugar shrinking and mills closing," he said. "There's only one mill. They were in operation before, and they're in operation now."

Florida Crystals Corporation, the only organic sugar producer in the U.S., supplies 8% of the U.S. organic sugar market, up from about 2% a decade ago.

Marianne Martinez, the company's spokesperson, said the USDA's new specialty sugar policy "is encouraging and could result in an increase in U.S.-grown and milled organic cane sugar production if it becomes a long-term policy."

The USDA has not announced any other initiatives to support organic growers in the meantime.

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Organic food prices could soar as US imposes import restrictions and new tariffs on specialty sugar

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The limiting of duty-free organic sugar imports and new tariffs are expected to cause the prices of all kinds of organic products from granola to yogurt to rise in the coming months.

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Supply Curve Shift for Sugar

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Supply and Demand Curve Shift for Cars

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Demand Curve Shift for Apple Airpods

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The supply graph would shift left as there is a new tarrif on sugar. Almost 90% of the organic sugar used by US is imported. With the tariffs, there is a 30% increase of cost in producing most of the organic foods like yogurt and cookies. The tariff causes there to be less supply of the sugar and higher prices on the items that require it. US can't work around it because they are not producing enough sugar inside US to meet the demand for it and so the prices will have to be raised to match the tariffs. People will have to pay more than usual for everyday wants like cookies and yogurt. This will cause some people to not be able to buy these items as they are priced to high. The stores that mainly depend on selling items with organic sugar are going to be effected the most as the supply is going to be less and they may not meet the demand.

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The Industrial Revolution was a period in the U.S. history that led to great economic advancements as well as production advancements. Notably the mass production of cars became more available and applicable to the U.S. public. With the invention of the production line/assembly line by Henry Ford cars started to be massed produced. This advancement in technology led to a shift in supply and demand for cars. Technology made the production of cars easy which in turn made them cheaper which in turn created higher demand for them. With more affordable cars the middle class could now afford a day-to-day vehicle. The price of cars lowered as the supply of cars raised due to competition and supply and demand. The Industrial Revolution and the production of cars truly changed society and created a new normal of driving to work everyday instead of taking a train. Society completely revolutionized due to and since the Industrial revolution with technological advancements happening every single day.

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The Strongsville High School Boys Varsity Soccer Team is 9-1 for the season with 7 straight shut outs. More people are coming to watch the teams game as they are a good squad and ranked #3 in the state. More tickets are being sold for the games.

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There is going to be a demand shift in the number of tickets sold because more people want it. The shifter is taste and preferences as more people want to watch the team play and more people like the team. This causes more people to come to the games and buy tickets for the game. This is going to cause a big shift in demand and quantity demanded is going to increase while price decreases.