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 cost of processing sugar beets will increase worldwide.
The cost of processing sugar beets will increase worldwide.

The price of sugar beets will increase.
The price of sugar beets will increase.

The farmers near the town will immediately plant more sugar beets.
The farmers near the town will immediately plant more sugar beets.

The demand for sugar beets will decrease.
The demand for sugar beets will decrease.

1 answer

The most likely consequence in the next few months after the destruction of a large sugar beet processing factory in a flood is:

The price of sugar beets will increase.

This is because the destruction of the processing facility decreases the capacity to process sugar beets, which can lead to a greater demand relative to supply. As a result, prices are likely to rise.