In the olive oil market, an increase in the equilibrium price and a decrease in the equilibrium quantity were observed at the same time. This may be due to

In the olive oil market, an increase in the equilibrium price and a decrease in the equilibrium quantity were observed at the same time. This may be due to:

Answer Options:

a. decrease in olive oil supply.

b. increase in olive oil demand.

c. increase in olive oil supply.

d. decrease in olive oil demand.