Consider the market for chocolate say that bad weather has, Business Economics

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Consider the market for chocolate say that bad weather has

Consider the market for chocolate. Say that bad weather has hurt cocoa bean crops. At the same time, people are wanted to eat more chocolate. Which event affects demand, and which affects supply? What would be the effect on equilibrium price and quantity in the market for chocolate? Is the effect on either price or quantity indeterminate? Sketch a graph and explain.

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