Sugarcane Can Be Used to Produce Both Granulated Sugar and Ethanol.Recent

question 89

Multiple Choice

Sugarcane can be used to produce both granulated sugar and ethanol.Recent regulations in certain countries now permit a higher amount of ethanol to be added to gasoline.As a result of these changes, an economist would expect granulated sugar prices to ____, and quantity sold to ____.

• A)rise; rise.
• B)fall; fall.
• C)rise; fall.
• D)fall; remain the same.

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Definitions:

Fiscal Year

A one-year period used for financial reporting and budgeting, which may not align with the calendar year.

Net Income

Represents the total profit of a company after all expenses and taxes have been subtracted from total revenue.

Insurance Policy

A contract between an insurer and a policyholder stipulating the terms under which the insurer agrees to compensate the insured for specific losses.

Adjusting Entry

An accounting entry made into a journal at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.