Brazil is the world's largest sugar cane producer and sugarcane can be used for producing sugar and fuel ethanol forautomobiles. Which of the following sequence of events iscorrect?
A) Rising oil prices cause Brazilian producers to shift sugar cane production from sugar to fuel ethanol.The decrease in sugar
Supply raises the price of candy bars.
B) Rising oil prices cause Brazilian producers to shift sugar cane production from fuel ethanol to sugar.The increase in sugar
Supply decreases the price of candy bars.
C) Falling oil prices cause Brazilian producers to shift sugar cane production from sugar to fuel ethanol.The increase in
Sugar supply raises the price of candy bars.
D) Falling oil prices cause Brazilian producers to shift sugar cane production from fuel ethanol to sugar.The increase in
Sugar supply raises the price of candy bars.
Correct Answer:
Verified
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