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Question on: JAMB Economics - 2012

The supply of cocoa is influenced by
A
seasonal conditions
B
the efficacy of fertilizer used
C
the demand for beverages
D
the availability of close substitutes
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Correct Option: B
The supply of cocoa is directly influenced by factors that affect its production. * **A. seasonal conditions:** Weather conditions, such as rainfall, temperature, and sunlight, are critical for cocoa farming. These seasonal variations can significantly impact the yield and supply of cocoa. * **B. the efficacy of fertilizer used:** The effectiveness of fertilizers directly affects the growth and yield of cocoa trees, influencing the supply. * **C. the demand for beverages:** While the demand for beverages influences the demand for cocoa (a raw material), it does not directly influence the supply of cocoa. * **D. the availability of close substitutes:** This relates more to the demand side; it may influence the demand for cocoa, but not its supply.

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