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.

Answered: Which of the following would NOT cause…

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Which of the following would NOT cause an increase in demand for Canadian canola?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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