Multiple Choice
Figure 4-9
-"Moonshine" is illegal home brew made by adding sugar to accelerate corn fermentation.Ten pounds of sugar are necessary to make a gallon of moonshine.In the mid-1970s, the price of sugar tripled and the price of moonshine skyrocketed from $6 to $15 a gallon.Which graph in Figure 4-9 best illustrates this?
A) 1
B) 2
C) 3
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Even though prices may change frequently, they
Q125: Give an example of a price floor.
Q131: Suppose demand can be described with the
Q204: Define the following terms and explain their
Q205: A minimum wage law may cause unemployment
Q207: Who tends to benefit from the sugar
Q210: Throughout history, governments have used price controls
Q211: During the American Revolution, Washington's army nearly
Q212: Which of the following would cause a
Q213: Which of the following will tend to