Drag each event to the correct location on the chart.

These graphs illustrate the demand for olive oil. Match the non-price determinants of demand with the type of shift in demand curve they are likely to cause.

Question

Social Studies

Paisley Avery

3 September, 05:28

Drag each event to the correct location on the chart.

These graphs illustrate the demand for olive oil. Match the non-price determinants of demand with the type of shift in demand curve they are likely to cause.

+4

Answers (1)

Know the Answer?

Kameron Archer · Answer 1

Demand for goods and services in an economy is affected by consumer preferences and / or price of products. The exercise deals only with the increase or decrease in demand due to preferences.

Preferences are based on tastes, conventions and information about the consumption of products. If a preference increases consumption, the demand curve shifts to the right. (type 2). If preferences decrease demand, the demand curve shifts to the left (type 1).

Non-price determinant causing the demand to decrease

more people embreance an oil free diet

Non-price determinant causing the demand to increase

more people use oil for skin and hair care

doctor recommend the use of saffower seed oil

new reports about benefits

Drag each event to the correct location on the chart.These graphs illustrate the demand for olive oil. Match the non-price determinants of demand with the type of shift in demand curve they are likely to cause.

Drag each event to the correct location on the chart.

These graphs illustrate the demand for olive oil. Match the non-price determinants of demand with the type of shift in demand curve they are likely to cause.