How Will an Increase in the Price of Coffee Affect

question 30

Multiple Choice

How will an increase in the price of coffee affect the market for cocoa, a substitute good?

• A) The supply of cocoa will increase, leading to a reduction in the price of cocoa.
• B) The supply of cocoa will decrease, leading to an increase in the price of cocoa.
• C) The demand for cocoa will increase, leading to an increase in the price of cocoa.
• D) The demand for cocoa will decrease, leading to a reduction in the price of cocoa.

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Definitions:

Active Listening

The process of fully concentrating, understanding, responding to, and remembering what is being said.

Communication Transparency

The practice of openly and honestly sharing information, fostering an environment of trust and accountability.

Communication Channel

The medium through which a message is transmitted from a sender to a receiver, such as email, phone calls, or face-to-face conversation.

Information Filter

A mechanism or process that screens, selects, and regulates the flow of information.