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.
