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.
a
Economics
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The price survey of the goods contained in the CPI market basket is conducted
A) every ten years, along with the Census. B) infrequently, because of its high cost. C) every year. D) monthly. E) every quarter.
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A decrease in real GDP can
A) shift money demand to the right and increase the interest rate. B) shift money demand to the left and increase the interest rate. C) shift money demand to the right and decrease the interest rate. D) shift money demand to the left and decrease the interest rate.
Economics