According to the text i need to fill this graph,it is increasing or decreasing
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Graph Name |
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Pe |
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Q |
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∆ in D |
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∆ in Qd |
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∆ in S |
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∆ Qs |
Trouble in Paradise: Coconut Oil Prices Are Slipping and Sliding
The health benefits of coconut oil have been challenged by the American Heart Association and other organizations in recent yea .HONG KONG—Coconut oil prices have dropped by more than half over the past year as the commodity, which is high in saturated fat, has fallen out of favor in kitchens and factories. The health benefits of coconut oil have been challenged by the American Heart Association and other organizations in recent years and that has hurt demand. In addition, falling prices of crude and other alternative vegetable oils have made industrial coconut oil less cost effective as an ingredient in health and beauty products and biodiesel. Americans used 437,000 metric tons of coconut oil in the year ended Sept. 30, compared with 562,000 metric tons in the year that ended in September 2015, according to USDA data. Industrial consumption, which accounted for two-thirds of the total and includes things like cleaning and household products made from coconut oil, didn’t change much over the same period, so the drop was largely due to lower individual consumption. Brigitte Hermanns used to be a fan of virgin coconut oil, using it as an eye makeup remover and a body moisturizer. She even used it on her hair. But then she “started to break out everywhere,” said Ms. Hermanns, who lives in Toronto and has blogged about her decision to stop using coconut oil. “It was kind of controversial,” she said, adding she is sticking to olive oil in her diet because it is comprised of “healthy fats.”
According to the article, the coconut oil demand has fallen due to the fact that recent studies have challenged the health benefit of coconut oil. The price dropped by half, the demand for oil decreases, largely due to a fall in household consumption. However, the article does not mention anything about changes in the supply of coconut oil.
Therefore, the graph in nutshell is
Graph # | |
Graph Name | Coconut oil market |
Pe | decreases by 50% |
Q | decreases by 125000 metric ton |
∆ in D | decreases |
∆ in Qd | decreases |
∆ in S | No change |
∆ Qs | No change |
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