Molasses is a marketable by-product of sugar refining. That is, the more product that sugar refineries produce,

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Molasses is a marketable by-product of sugar refining. That is, the more product that sugar refineries produce, the more molasses they generate.

Molasses itself is used as an additive in livestock feed as well as the principal ingredient in the distillation of rum. If the price of sugar increased, what would be the effect on

a. the supply of sugar?

b. the supply of molasses?

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Exploring Microeconomics

ISBN: 9780176531072

4th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 12, 2024 08:00 AM

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Molasses is a marketable by-product of sugar refining. That is, the more product that sugar refineries produce,

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Exploring Microeconomics

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