Assume that over a 12-month period the equilibrium price of palm oil increases and the equilibrium quantity decreases due to changes in both the demand and supply of palm oil. Which of the following would cause these changes?

• A - There are increases in both the demand and the supply of palm oil. The increase in supply is greater than the increase in demand.
• B - The demand for palm oil increases and the supply of palm oil decreases. The increase in demand is greater than the decrease in supply
• C - There are decreases in both the demand and supply of palm oil. The decrease in supply is greater than the decrease in demand.
• D - The demand for palm oil decreases and the supply of palm oil increases. The increase in supply is greater than the decrease in demand.
• E - There are decreases in both the demand and supply of palm oil. The decrease in demand is greater than the decrease in supply.