Ethical Awareness Reduces Demand for Animal Ingredients Animalbased ingredients such as lanolin are being substituted by plantbased

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Ethical Awareness Reduces Demand for Animal Ingredients Animalbased ingredients such as lanolin are being substituted by plantbased ingredients in the production of cosmetics, particularly in Europe and India. Following a rise in global awareness of the use of animalbased ingredients, consumers across the world are switching to cosmetics manufactured through ethical methods.

a. Describe the changes in the global market for cosmetics containing animal ingredients.

b. Explain whether the decrease in lanolin production in Europe and India is a change in supply or in quantity supplied.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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