Demand and supply in the market for sugar is illustrated in the following table. The quantities correspond to millions of pounds. The price of honey, a substitute for sugar, rises, so that the quantity of sugar demanded changes by a quantity of 140 at each price. The new equilibrium price and quantity in the market will be Price Quantity Demanded Quantity Supplied $0.80 300 90 $1.00 260 120 $1.20 220 150 $1.40 180 180 $1.60 140 210 $1.80 100 240 A) $1.20, 150 B) $1.80, 240 C) $1.60, 210 D) $1.60, 140