In an Attempt to Limit the Supply of Illegal Liquor

question 4

Multiple Choice

In an attempt to limit the supply of illegal liquor, the Russian government has restricted sugar availability (sugar is used to increase alcohol content) . Russians also like to sweeten their tea with jam, another product made using sugar. Which graph in Figure 4-11 depicts the impact of sugar rationing on the Russian tea market?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Demonstration

Showing how a product works or how a service is performed, typically to educate a potential customer and encourage a sale.

Fat-Free Chocolate

Chocolate that has been manufactured without any fat content, often substituted with other ingredients to maintain texture and taste.

Product

An item or service created as a result of a process, which is offered in the market to satisfy the needs or wants of a customer.

Premium

Additional payment higher than the normal cost, often for enhanced benefits or services in various contexts, such as insurance or memberships.