Figure 6-9
-In 1983, government price supports raised the price of sugar above its equilibrium value.Which graph in Figure 6-9 illustrates the impact of sugar price supports on the sugar substitute fructose?
A)1
B)2
C)3

Question

Figure 6-9 
-In 1983, government price supports raised the price of sugar above its equilibrium value.Which graph in Figure 6-9 illustrates the impact of sugar price supports on the sugar substitute fructose?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

When the price of sugar is raised above its equilibrium value due to government price supports, consumers may turn to substitutes like fructose. This would increase the demand for fructose, shifting the demand curve to the right, which is illustrated in graph 3.

Figure 6-9 -In 1983, Government Price Supports Raised the Price of Sugar