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Vesnalui
2 months ago
10

These graphs illustrate the demand of olive oil Match the non-price determinants of demand with the type of shift in the demand

curve they are
likely to cause
many olive oil producers
ontering the market
a report in news stating that
consumption of oilve oil
improves health
a decrease in the price
of other vegetable oil
a decrease in supply of olives
caused by poor harvest
Type 1
Type 2
16.00
14.00
demand
curves
16.00
1 14.00
8 12.00
demand
curves
$12.00
10.00
10.00
Price per Gallon (do
Price per Galon (dollars
8.00
initial
demand
more demand
6.00
Initial
demand
4.00
decreased
demand
400
2.00
2.00
100 200 300 400 500 600 700
Quantity of Olive Oil (gallons)
100 200 300 400 500 600 700
Quantity of Olive Oil (gallons)
Non Price Determinant Causing the
Demand to Decrease
Non-Price Determinant Causing the
Demand to Increase
Mathematics
2 answers:
AnnZ [12.3K]2 months ago
4 0

Answer:

responses

type 1

a reduction in the price of alternative vegetable oils alongside an influx of olive oil producers into the market

type 2

a news report suggesting that olive oil consumption enhances health along with a decline in the supply of olives due to a disappointing harvest

Step-by-step explanation:

Zina [12.3K]2 months ago
3 0

Answer:

Decrease:

medical professionals endorse the application of safflower seed oil

a growing number of individuals now advocate an oil-free diet

Increase:

news stories highlighting the advantages of olive oil for cardiovascular health

a rise in the usage of olive oil for skincare and hair treatment

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A recent survey shows that the probability of a college student drinking alcohol is 0.6. further, given that the student is over
AnnZ [12381]

Answer:

0.24

Explanatory steps:

These events can occur simultaneously, indicating they are not mutually exclusive.

For events A and B where mutual exclusivity does not apply,

P(A and B) = P(A) * P(B|A)

Let A represent the event of being "over 21 years old" and B represent the event of "consuming alcohol."

The likelihood of a student being over 21 years is 0.3, reflecting that 30% of the students are in that age range.

The probability that a student consumes alcohol given they are over 21 stands at 0.8.

This results in

P(A and B) = 0.3(0.8) = 0.24

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Response:

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