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 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.

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

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

Answer 1

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

The price of sugar beets will increase.

With the factory destroyed, the processing capacity is reduced, leading to potentially lower availability of processed sugar beets. This can create upward pressure on prices as farmers may have more difficulty finding processing options.