Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 2SQ: Which of the following would not cause market demand for a normal good to decline? a. An increase in...
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Transcribed Image Text:Which of the following would NOT cause an increase in demand for Canadian canola?
The price of Canadian canola falls.
People are worried about the availability of canola in the future, and so they are hoarding (stockpiling) it now.
Other countries need canola to feed their livestock (such as pigs), but they are not able to grow enough themselves.
The price of other similar plants increases.
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Canada is one of the important producer of canola.
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