What would happen to the demand for canola if the price of s

What would happen to the demand for canola if the price of soybeans were to rise?

Solution

Oil seeds that are high in oil contains like canola are benefiting   from   the   high   oil   price   versus   meal   price.

Hence high price of soy bean will also increase price e of canola and also increase demand for it. Canola is replacement to Soyabean resulting in high demand for canola vs soybean due to price rise of soybean.

What would happen to the demand for canola if the price of soybeans were to rise?SolutionOil seeds that are high in oil contains like canola are benefiting from

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