Multiple Choice
How are oil prices and sugar prices related?
A) Governments set the price of sugar (per ton) to equal 45% of the price of a barrel of oil.
B) Oil prices and sugar prices are not related.
C) Governments set the price of sugar (per ton) to equal 1.2 times the price of a barrel of oil.
D) As oil prices increase, producers divert sugar cane from sugar production to ethanol production.
Correct Answer:
Verified
Correct Answer:
Verified
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