Cocoa nibs from Nigeria last year was supplied at $9 per 10 pounds. This year the demand has increased and that same supply of N

Question

1 year ago

6

Cocoa nibs from Nigeria last year was supplied at $9 per 10 pounds. This year the demand has increased and that same supply of N

igerian cocoa nibs is priced at $12 per 10 pounds. What will most likely happen to supply of Nigerian cocoa nibs this year?

Business

1 answer:

Juliette [100K] · Answer 1 · 2023-08-12T05:41:35+03:00

Juliette [100K]1 year ago

3 0

Answer:

The supply of Nigeria cocoa nibs will increase this year.

Explanation:

last year Nigeria supplied at $9 per 10 pounds but this year its supplying at $12 per pounds, this means that the Nigerian nibs quantity will have to increase to cover up for the demand of its goods.