Suppose a Frost Destroys the Tomato Crop in California but Farmers

question 75

Multiple Choice

Suppose a frost destroys the tomato crop in California but farmers see an increase in their revenues.Which of the following best explains this?

• A)The decrease in supply led to huge price increases.
• B)Tomatoes are necessities.
• C)The demand for tomatoes is price inelastic.
• D)The cross-price elasticity between tomatoes and most other substitute vegetables is very low.

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