A survey indicated that chocolate is the most popular flavour of ice cream in America. For each of the following indicate the possible effects of demand or supply or both as well as equilibrium price and quantity of chocolate ice cream a) A severe drought in the Midwest causes dairy farmers to reduce the number of milk-production cattle in their herds by a third. These dairy farmers supply cream that is used to manufacture chocolate ice cream

/in /by

A survey indicated that chocolate is the most popular flavour of ice
cream in America. For each of the following indicate the possible
effects of demand or supply or both as well as equilibrium price and
quantity of chocolate ice cream

a) A severe drought in the Midwest causes dairy farmers to reduce the
number of milk-production cattle in their herds by a third. These
dairy farmers supply cream that is used to manufacture chocolate ice
cream

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