Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.