If the price of palm oil falls from $20.00 to 18.00, calculate the price elasticity...

If the price of palm oil falls from $20.00 to 18.00, calculate the price elasticity of supply. (B) interpret your answer in question (a) above. (C) study the extra below and answer the following questions.
The price of palm oil remains at $6.00 per gallon and an increase in the price of a related product causes an increase in the supply of palm oil (I) give a graphical presentation to illustrate this change (ii) indelicate the type of supply for the two product. (D) state three reason that can cause a change in supply?

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Asked by Ransome on 2nd February, 2019