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Homework answers / question archive / Which of the following options is correct? A decrease in the price of cocoa will most likely lead to a

Which of the following options is correct? A decrease in the price of cocoa will most likely lead to a

Economics

Which of the following options is correct?

A decrease in the price of cocoa will most likely lead to

a. an increase in the demand for chocolate.

b. an increase in the supply of chocolate.

c. a decrease in the supply of chocolate.

d. a decrease in the demand for chocolate.

Option 1

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Option 2

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