(a(i))[1]
Identify one possible explanation for the value of price elasticity of demand (PED) for chocolate.
(a(ii))[1]
Calculate the percentage change in the value of global sales of chocolate from 2017 to 2026, as shown in Table 1.1.
(b)[2]
Using a demand and supply diagram, show why cocoa bean prices kept falling in 2023.
(c)[4]
Consider whether a buffer stock system run by the government of Ivory Coast would be likely to stop fluctuations in the price of cocoa beans.
(d)[6]
Assess the extent to which using a minimum pricing policy would be the best way to make sure cocoa bean farmers are paid a living wage.
(e)[6]
Assess the advantages and disadvantages of Ivory Coast continuing to specialise in the production and export of cocoa beans.