Question
A town's large sugar beet processing factory is destroyed in a flood. Which of the following is a likely consequence in the next few months?(1 point)
Responses
The farmers near the town will immediately plant more sugar beets.
The farmers near the town will immediately plant more sugar beets.
The cost of processing sugar beets will increase worldwide.
The cost of processing sugar beets will increase worldwide.
The demand for sugar beets will decrease.
The demand for sugar beets will decrease.
The price of sugar beets will increase.
Responses
The farmers near the town will immediately plant more sugar beets.
The farmers near the town will immediately plant more sugar beets.
The cost of processing sugar beets will increase worldwide.
The cost of processing sugar beets will increase worldwide.
The demand for sugar beets will decrease.
The demand for sugar beets will decrease.
The price of sugar beets will increase.
Answers
GPT-4o mini
The likely consequence in the next few months would be: **The price of sugar beets will increase.**
This is because the destruction of the processing factory reduces the supply of processed sugar beets, which tends to lead to higher prices when demand remains the same or increases.
This is because the destruction of the processing factory reduces the supply of processed sugar beets, which tends to lead to higher prices when demand remains the same or increases.