Economics 2281 · O Level · Price elasticity of demand (PED)

Price elasticity of demand (PED) — practice question

The demand for cocoa beans is price-inelastic. What is most likely to fall if demand for cocoa beans rises?

  • Aprice of cocoa bean products
  • Bproduction of cocoa beans
  • Cprofits of cocoa bean producers
  • Dunemployment among cocoa bean farmers

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