In the fall of 2004 the price of tomatoes dramatically increased. Which of the following could have caused this change?
A. Hurricanes during the late summer damaged the Florida crop, shifting supply left.
B. A reduction in tariffs of tomatoes from Central American, shifting supply right.
C. A news report stating that a pesticide used on tomatoes might cause cancer, shifting the demand to the right.
D. Advertising for catsup increased demand for catsup, shifting the demand curve to the left.
|
