When the price of sugar was "low", consumers in the United States spent a total of $3 billion annually on its consumption.When the price doubled, consumer expenditures actually increased to $4 billion annually.This indicates that
A)the demand for sugar is elastic.
B)the demand curve for sugar is upward sloping.
C)sugar is a Giffen good.
D)none of the statements associated with this question are correct.

Question

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The Answer of When the price of sugar was "low", consumers in the United States spent a total of $3 billion annually on its consumption.When the price doubled, consumer expenditures actually increased to $4 billion annually.This indicates that
A)the demand for sugar is elastic.
B)the demand curve for sugar is upward sloping.
C)sugar is a Giffen good.
D)none of the statements associated with this question are correct.

When the Price of Sugar Was "Low", Consumers in the United