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Understanding Economics
Understanding Economics: A Contemporary Perspective, 2/e
Mark Lovewell, Ryerson Polytechnic University
Demand and Supply

Internet Application Questions



1

Refer to the Canola Connection Statistics from the Canola Council of Canada, then answer the following questions:
  1. How does the Council calculate the supply, demand, and ending stocks for canola oil during each crop year?
  2. When stocks of canola oil fall from one crop year to another, what is the usual effect on price? Why?

 




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