Suppose farmers could grow only a limited number of tomatoes this year. What would be the effect of this decrease in production

Question

slavikrds [6]

2 years ago

9

Suppose farmers could grow only a limited number of tomatoes this year. What would be the effect of this decrease in production

on the price of tomatoes?

Mathematics

1 answer:

yan [13] · Answer 1 · 2022-07-27T03:26:51+03:00

yan [13]2 years ago

3 0

The price of the tomatoes would inflate (increase) due to a little thing called supply and demand. When there's a limited amount of a product with a high demand, the product basically goes to the highest bidder or whoevers willing to pay a little extra.