Consider the following statement from the New York Times: "While the world's appetite for chocolate grows more voracious each year, cocoa farms around the globe are failing, under siege from fungal and viral diseases and insects... Researchers predict a shortfall in beans from the cacao tree, the raw material from which chocolate is made, in as little as five to ten years." Given the information in the news clip, what is the effect on the equilibrium price and equilibrium quantity of chocolate? A. Price will decrease and quantity will increase. B. Uncertain effect on price and decrease in quantity. C. Price will increase and quantity will decrease. D. Price will increase and uncertain effect on quantity. E. Price will decrease and quantity will decrease