select the correct answer. suppose that farmers grew an unexpectedly large number of tomatoes this year. how…

select the correct answer. suppose that farmers grew an unexpectedly large number of tomatoes this year. how would this increase in production affect the price of tomatoes? a. the price of tomatoes would increase. b. the price of tomatoes would decrease. c. the price of tomatoes would remain stable.

select the correct answer. suppose that farmers grew an unexpectedly large number of tomatoes this year. how would this increase in production affect the price of tomatoes? a. the price of tomatoes would increase. b. the price of tomatoes would decrease. c. the price of tomatoes would remain stable.

Answer

Brief Explanations:

According to the law of supply and demand in economics, when the supply (tomato production) increases unexpectedly while demand remains relatively constant, there is a surplus in the market. To sell the extra tomatoes, farmers will lower the price.

Answer:

B. The price of tomatoes would decrease.