Question

section 1: economics
lesson 3: supply and demand
practice
if a disease infects and destroys a large amount of the nations supply of tomatoes, what is likely to happen to the price of tomatoes? (select the best answer.)
○ the price will go up.
○ the price will go down.
○ the price will remain the same.

Explanation:

When a disease destroys a large amount of tomato supply, the supply curve shifts left. Assuming demand remains unchanged, the equilibrium price (where supply equals demand) increases. Thus, the price of tomatoes will go up.

Answer:

The price will go up.