Asked by Lunatic Kitten on May 11, 2024
Verified
The _____ tomatoes will decrease if fertilizer prices rise.
A) demand for
B) shortage of
C) supply of
D) equilibrium price of
Fertilizer Prices
The cost for fertilizers, which are chemical or natural substances added to soil to improve its fertility and the growth of plants.
Supply Of
Refers to the total amount of a product or service that is available for purchase at any given price point in a given market.
- Comprehend the variables leading to alterations in supply and demand diagrams.
Verified Answer
JC
Joseph ChongMay 16, 2024
Final Answer :
C
Explanation :
The supply of tomatoes will decrease if fertilizer prices rise because the cost of producing tomatoes will increase, causing farmers to produce less or stop production altogether. This will result in less supply of tomatoes in the market.
Learning Objectives
- Comprehend the variables leading to alterations in supply and demand diagrams.