Economics · Economy
Consider the following statements regarding edible oil trends and coconut oil usage in India: I. Coconut oil has periodically retailed at domestic prices nearly three times higher than imported crude palm oil. II. Coconut oil is widely consumed across all regions of India, accounting for more than 10% of the country's total edible oil consumption. III. The primary long-term driver of fluctuating coconut oil prices is a sudden explosive surge in domestic household cooking demand. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2II and III only
- 3I and II only
- 4I only✓
Correct answer
I only
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