Sugar and Honey Are Viewed as Substitutes for Each Other

question 301

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 the:

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

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