Suppose the price of tomatoes dramatically increases.Which of the following could cause this change?
A)Hurricanes during the late summer damages the Florida crop, shifting supply left
B)A reduction in tariffs of tomatoes from Central American, shifting supply right
C)Anews report stating that a pesticide used on tomatoes might cause cancer, shifting the demand to the right
D)Advertising for catsup increases demand for catsup, shifting the demand curve to the left

Question

Quizplus · Accepted Answer

A hurricane damaging the crop would reduce the supply of tomatoes, shifting the supply curve to the left and causing the price to increase.

Suppose the Price of Tomatoes Dramatically Increases