consider this scenario. during the early 2000s, the midwestern united states experienced a drought, or lack…

consider this scenario. during the early 2000s, the midwestern united states experienced a drought, or lack of rainfall. this ruined large amounts of the corn crop. tortillas, which are made from corn, became more expensive to make. what would tortilla manufacturers have needed to do in order to make the same profit? increase the price of tortillas decrease the price of tortillas decrease the supply of tortillas and keep the price the same decrease the supply of tortillas and decrease the price

consider this scenario. during the early 2000s, the midwestern united states experienced a drought, or lack of rainfall. this ruined large amounts of the corn crop. tortillas, which are made from corn, became more expensive to make. what would tortilla manufacturers have needed to do in order to make the same profit? increase the price of tortillas decrease the price of tortillas decrease the supply of tortillas and keep the price the same decrease the supply of tortillas and decrease the price

Answer

Brief Explanations:

When the cost of making tortillas (due to corn - crop ruin from drought) increases, to maintain the same profit, manufacturers need to increase revenue. Increasing the price of tortillas can increase revenue per unit sold, helping to offset the higher production costs. Decreasing the price would reduce revenue per unit and is not a way to maintain profit. Decreasing supply while keeping or decreasing the price would also lead to lower revenue and less profit.

Answer:

increase the price of tortillas