Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).
-According to this Application, the recent result of the harmattan was to ________ the equilibrium price and ________ the equilibrium quantity of cocoa.

Question

Quizplus · Accepted Answer

The harmattan, a dry and dusty wind, likely reduced the supply of cocoa by damaging the crops, which would increase the equilibrium price due to lower supply, but decrease the equilibrium quantity because less cocoa is available for sale.

Recall the Application About the Harmattan and How It Affects