Asked by Dr
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)
The price of sugar beets will increase.
The cost of processing sugar beets will increase worldwide.
The demand for sugar beets will decrease.
The farmers near the town will immediately plant more sugar beets.
All Answers 1
Answered by
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The demand for sugar beets will decrease.
Reason: with the local processing factory gone, it can’t buy and process beets, so buyers’ demand falls (at least locally). Prices and planting decisions won’t rise immediately, and global processing costs won’t necessarily change.
Reason: with the local processing factory gone, it can’t buy and process beets, so buyers’ demand falls (at least locally). Prices and planting decisions won’t rise immediately, and global processing costs won’t necessarily change.
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