Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).
-Recall the Application.Using supply and demand analysis,if the harmattan caused a decrease in supply for cocoa,then which of the following must be true?

Question

Quizplus · Accepted Answer

When the supply of a good decreases, the supply curve shifts to the left, leading to a higher equilibrium price and a lower equilibrium quantity, as described in option A.

Recall the Application About the Harmattan and How It Affects