Day: November 9, 2022

Kenya and Jamaica attempt to control the supply of coffee in the world market to help stabilise their incomes.

What condition is essential for this to stabilise their incomes effectively?

Select ONE answer:

1. There must be large firms in the industry.
2. It must be possible to store the coffee and release stocks when necessary.
3. Other countries must supply a significant percentage of the total market.
4. The demand for the product must be elastic.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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