Sugar Industry
1. More than 90 per cent of the world’s ethanol is made by fermentation using sugar from plant material. Explain how the market for ethanol may impact the market for sugar used in confectionery. Illustrate your argument using the appropriate diagrams. (Max 250 words )
2. Critically discuss how companies that produce chocolate bars, may react to an increase in the price of sugar, both in the short–run and long–run. (Max 250 words)