1. Consider the market for powdered hot chocolate mixes. What will happen in the market for pow dered hot chocolate mixes if prices for key com modities (like cocoa) rise?

&a. Thedemand for powdered hot chocolate mixes will increase, causing the equilibrium price and quantity to increase.

&b.Thedemand for powdered hot chocolate mixes will decrease, causing the equilibrium price and quantity to decrease.

&c. The supply of powdered hot chocolate mixes will increase, causing the equilibrium price to decrease and the equilibrium quantity to increase.

&d.The supply of powdered hot chocolate mixes will decrease, causing the equilibrium price to increase and the equilibrium quantity to decrease.

&e. The supply of powdered hot chocolate mixes will decrease, causing the equilibrium price and quantity to increase