When the Price of Sugar Was "Low," U

question 120

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 remained at $3 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) None of the statements is correct.

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Definitions:

Stress

A psychological and physical response to demands or challenges which can arise from various environmental or internal factors.

Strength-Based Perspective

An approach in various professional fields that focuses on an individual's strengths and resources to overcome challenges and achieve goals.

Strategies

Plans or methods developed to achieve a specific goal or to overcome challenges.

Legitimacy

The state of being recognized, accepted, or justified by law or principle.