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 is correct.

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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 is correct.

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