Question

Suppose farmers could grow only a limited number of tomatoes this year. what would be the effect of this decrease in production on the price of tomatoes

Answer 1

The price would increase

Answer 2

Due to decrease in production of tomatoes price will increase.

Explanation:

Whenever a commodity whose demand is there in market produce in limited number, it price increases.

Since demand of the tomatoes will remain as usual but limited number of tomatoes will be there in the market so price of the tomatoes will increase. In this way consumer who can afford the price of tomatoes will purchase it and those consumer who can't afford it will not purchase it.