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Test: AP Microeconomics
1. | Sugar can be refined from either sugar cane or sugar beets. Which of the following would result in an increase in the market price of sugar cane, assuming perfect competition? |
A sugar beet crop failure
A bumper crop of sugar beet
A bumper crop of sugar cane
Consumers start eating less refined sugar
Catherine
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Siena College, Bachelor in Arts, American Studies. SUNY at Albany, Master of Arts, History.
Gordon
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Arizona State University, Bachelor of Science, Biological and Physical Sciences.
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