Question

Oil-based products are a significant part of the materials used to build sailboats. What is likely to happen in the market for new sailboats and in the market for sails, if the price of oil begins to rise?

Answer 1

now here we can clearly see that oil based products those are build from oil are significant part or are raw Material in the production of sailbaots, thus increase in prices of such products will lead to increae in costs of sailsboat thus that further decrease the demand for sailboats, thus higher prices of sailboats and less of quantities of sailboats , alos when sailboats are priced higher more of thsi higher prices will be transferred to customers thus demand for sails will also decrease.