Sugar and Honey Are Viewed as Substitutes for Each Other

question 75

Multiple Choice

Sugar and honey are viewed as substitutes for each other in many cooking applications.If the price of sugar rises, we would expect

• A)the demand for honey to increase
• B)the demand for honey to decrease
• C)the quantity demanded of honey to decrease
• D)the price of honey to decrease
• E)the quantity demanded of honey to increase

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Definitions:

Satisfactoriness

The condition or quality of meeting expectations or requirements; adequacy in performance or outcome.

Correspondence

The agreement or similarity between two things, or the process of matching, communicating, or equating them.

Organization

The arrangement or coordination of activities and tasks to achieve a specific purpose or result, often within an entity or among individuals.

TWA

Theory of Work Adjustment, which posits that job satisfaction and performance depend on the correspondence between individual needs and the attributes of the job environment.