Due to a recent hurricane there is a major loss of sugarcane crops. At the same time in the U.S. consumers are eating healthier and cutting back on eating items that have sugar in them. How will this affect the price and quantity in the sugar market?
A. Price increases and quantity is indeterminate
B. Quantity increases and price is indeterminate
C. Quantity decreases and price is indeterminate
D. Price decreases and quantity is indeterminate
Answer: C
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