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What will be the effect on the market for cocoa if a typhoon destroys the cocoa crop of Ghana, a major cocoa-producing country? A) The
What will be the effect on the market for cocoa if a typhoon destroys the cocoa crop of Ghana, a major cocoa-producing country?
A) The demand for cocoa will decrease, leading to lower cocoa prices and less cocoa sold in the market.
B) The demand for cocoa will increase, leading to higher cocoa prices and less cocoa sold in the market.
C) The supply of cocoa will decrease, leading to lower cocoa prices and less cocoa sold in the market.
D) The supply of cocoa will decrease, leading to higher cocoa prices and less cocoa sold in the market.
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