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Economics · Oct / Nov 2016 · Paper 13 · Question 5

2281Price elasticity of demand (PED)

The demand for cocoa beans is price-inelastic. What is most likely to decrease as a result of an increase in demand for cocoa beans?

  1. Aprice of cocoa bean products
  2. Bproduction of cocoa beans
  3. Cprofits of cocoa bean producers
  4. Dunemployment among cocoa bean farmers

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Correct answer: D. unemployment among cocoa bean farmers

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