Question

Describe the economic impact to consumers of chocolate if a producing country shifts away from producing cocoa.

Answer 1

Explanation:

Due to the fact that cocoa is the main ingredient in the production process of chocolate, any country that intends to produce chocolate must be sufficient in cocoa production or have good relations with the countries already doing it.

If a producer country shifts away from cocoa production, they will either have to import cocoa or produce it at some other place, in either case, they will have to bear additional cost for production of chocolate and the consumers will have to buy chocolate at higher rates.