Sugar and Honey Are Viewed as Substitutes for Each Other

question 195

Multiple Choice

Sugar and honey are viewed as substitutes for each other in many cooking applications.Suppose the price of sugar rises.What would we expect the outcome to be for honey?  

• A) The demand for honey will increase. 
• B) The demand for honey will decrease. 
• C) The quantity demanded of honey will decrease. 
• D) The quantity demanded of honey will increase.

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