Due to various reasons, global demand for FOOD shifted outward over the past 30 years. What BEST explain(s) this INCREASE in global demand for FOOD all other things being equal (ceretis paribus). You may select more than one answer.

Respuesta :

Answer: 1. There is an increases population over the last 30 years.

2. There is a relative decrease in the price of pans and pots.

Explanation: 1. Over the last 30 years, there has been an increase in global population. Increase in population means more food needs to be supplied. And more food needs to be available in the market for the population to consume. This shifts the global demand more and more outwardly over time.

2. The prices of pots and pans have decreased over time, allowing more individuals to purchase them. To use these appliances people need ingredients to prepare food. This means more people can buy food to cook, which increases the demand for food within the economy. This also adds to the global shift outward.

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