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