Economics · Oct / Nov 2024 · Paper 13 · Question 4
2281Price changes
The world price of cocoa has been falling while the prices of products made from cocoa have been rising. Which combination might explain this?
- Amarket for cocoa: excess demand; advertising expenditure on products made from cocoa: decrease
- Bmarket for cocoa: excess supply; advertising expenditure on products made from cocoa: decrease
- Cmarket for cocoa: excess demand; advertising expenditure on products made from cocoa: increase
- Dmarket for cocoa: excess supply; advertising expenditure on products made from cocoa: increase
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Correct answer: D. market for cocoa: excess supply; advertising expenditure on products made from cocoa: increase
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