Question
How does the cooking oil shortage (canola, palm, sunflower and soybean) affect the price changes in Edible food, cosmetics etc. industries? Develop responses to these
How does the cooking oil shortage (canola, palm, sunflower and soybean) affect the price changes in Edible food, cosmetics etc. industries? Develop responses to these issues along with Post covid-19 and the Russian-Ukrainian war in 2022. The following economic concepts may be considered in your analysis:
- Choice
- Markets
- Substitutes complements
- Elasticities
- Inflation
- Inputs
- Production costs
- Budget constraint
- Preferences
- Supply and Demand
- Opportunity Cost
- Indifference curves
- Consumer equilibrium
- Marginal rates of substitution
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann
1st Edition
0324359810, 9780324359817
