Multiple Choice
Ethanol and sugar are both made from sugar cane, and ethanol can be used as a fuel substitute for oil. Increasing oil prices cause the demand for ethanol to increase. This will cause the ______ sugar to ______ and its price to ______.
A) demand for; decrease; decrease
B) supply of; increase; increase
C) supply of; decrease; increase
D) demand for; increase; increase
Correct Answer:
Verified
Correct Answer:
Verified
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