Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Blog

Demand and Supply in Action: Rising Oil Prices Increases Demand for Cooking Oil - Substitute Goods

Ben Christopher

18th March 2012

Share this content:

Good example here of how the rising price of one good can increase the demand for (and in this case, the theft of!) another i.e. they are substitute goods (S in the acronym PASIFIC).

cooking oil

Share this content:

Ben Christopher

Now teaching in Dubai.

You might also like

Ending Peruvian Poverty

8th October 2015

Global Goals are set to address poverty and underdevelopment

6th October 2015

Dissecting the Commodity Price Meltdown

5th October 2015

Uber faces UK regulatory review

2nd October 2015

How do you deal with someone who thinks the Earth is flat?

23rd September 2015

Don't panic - how to end poverty!

23rd September 2015

Teaching PowerPoints for A Level Economics

23rd September 2015

John McDonnell's Economics

16th September 2015