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

The price of sugar beets will increase.

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 supply of processed sugar beets would decrease due to the factory being out of commission, leading to a potential increase in prices if demand remains constant or increases.