zeeomniweeaboo zeeomniweeaboo

27-05-2024
Business

Answered

2. In recent years, stability in West Africa and Central America, along with new farming
techniques, have led to record cacao (cocoa) crops. How will these changes impact the supply
curve for chocolate?

Answer :

GinnyAnswer GinnyAnswer

27-05-2024

Final answer:

Changes in cocoa production can lead to increased supply of chocolate, resulting in lower prices and higher quantities bought and sold.

Explanation:

Changes in the production of cocoa due to factors like stability in West Africa and Central America and new farming techniques can significantly impact the supply curve for chocolate. As the production of cocoa increases, the supply of chocolate will also increase, potentially leading to a shift in the supply curve to the right. This can result in lower prices and higher quantities of chocolate being bought and sold in the market.

Learn more about Impact of cocoa production changes on the chocolate market here:

https://brainly.com/question/14418927

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