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

Responses

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

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

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

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

Answer 1

The most likely consequence in the next few months, given that a large sugar beet processing factory has been destroyed in a flood, is:

The price of sugar beets will increase.

This is because the destruction of the processing factory reduces the capacity to process sugar beets, leading to a decrease in supply at the processing level. With reduced processing capabilities, farmers may find it harder to sell their sugar beets, thus driving up prices due to the scarcity of processing options.