These graphs illustrate demand for olive oil. Match each non-price determinant of demand with the shift it is likely to cause in the demand curve

Question

Social Studies

Noah Galvan

20 September, 18:46

These graphs illustrate demand for olive oil. Match each non-price determinant of demand with the shift it is likely to cause in the demand curve

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Macy Hodge · Answer 1

The answer is Non-Price Determinant causing supply curve to move matching curve (1-2) a new production technology increase oil production.

B. efficiency many new olive oil producers entering the market.

Curve (2-1) a higher sale tax on cooking oil-a decrease in supply of olives caused by poor harvest.