Credit union - provides credit only to the organization’s members
Payday lender - offers short-term credit at very high interest rates
Consumer finance company - typically provides credit for purchasing items on an installment basis
Bank - provides credit for a wide variety of purposes and periods of time.
Answer: Supply of cocoa will fall; Demand rises; Price increases.
Explanation:
A drought is when there is little or no rainfall in a particular area. When countries that are producing cocoa experience a drought, this will lead to a reduction in the supply of cocoa as there will be lesser cocoa available for farmers to supply.
Then, due to the new study which is released demonstrating the health benefits of cocoa, this will lead to an increase in the demand for cocoa. The demand will rise and since there's increase in demand and reduction in supply, the price will rise.
<span>The determinants that influence whether a demand is elastic or inelastic are known as the determinants of demand. They include: consumer income, amount of money spent, nature of commodity, number of uses of commodity, whether demand can be postponed, existence of substitutes or alternative commodities, joint demand of complementary goods, and the range of prices of the commodity.</span>