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)

Question

• The farmers near the town will immediately plant more sugar beets.
• The cost of processing sugar beets will increase worldwide.
• The price of sugar beets will increase.
• The demand for sugar beets will decrease.

Answer 1

• The price of sugar beets will increase.

Without the processing factory, there will be a decrease in supply of sugar beets, leading to an increase in price as demand remains relatively constant.