Question

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

likely to cause
many olive oil producers
ontering the market
a report in news stating that
consumption of oilve oil
improves health
a decrease in the price
of other vegetable oil
a decrease in supply of olives
caused by poor harvest
Type 1
Type 2
16.00
14.00
demand
curves
16.00
1 14.00
8 12.00
demand
curves
$12.00
10.00
10.00
Price per Gallon (do
Price per Galon (dollars
8.00
initial
demand
more demand
6.00
Initial
demand
4.00
decreased
demand
400
2.00
2.00
100 200 300 400 500 600 700
Quantity of Olive Oil (gallons)
100 200 300 400 500 600 700
Quantity of Olive Oil (gallons)
Non Price Determinant Causing the
Demand to Decrease
Non-Price Determinant Causing the
Demand to Increase

Answer 1

answers

type 1

a decrease in the price of other vegetable oil and many olive oil producers entering the market

type 2

a report in news stating that consumption of olive oil improves health and a decrease in supply of olives caused by poor harvest

Explanation:

Answer 2

Decrease:

doctors reccomend the use of safflower seed oil

more people embrace an oil free diet

Increase:

news reports about the benefits of olive oil for heart health

more people use olive oil for skin and hair care