When the Price of Sugar Was "Low," U

question 74

Multiple Choice

When the price of sugar was "low," U.S.consumers spent a total of $3 billion annually on sugar consumption.When the price doubled,consumer expenditures increased to $5 billion annually.This data indicates that:

• A) the demand for sugar is inelastic.
• B) the demand curve for sugar is upward sloping.
• C) the quantity demanded of sugar increased.
• D) the demand curve for sugar is upward sloping and the quantity demanded of sugar increased.

---

Definitions:

Alternative Therapies

Treatments that are used instead of standard medical treatments. These can include herbal remedies, acupuncture, and massage therapy.

Chronic Headaches

Recurrent headaches occurring over a period of time, often causing significant discomfort or disability.

Acupuncture

A traditional Chinese medical practice using fine needles inserted at specific points on the body to relieve pain or to treat various health conditions.

Homeopathic Medications

Remedies used in homeopathy, a form of alternative medicine based on the principle of treating "like with like," often using highly diluted substances.