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5 votes
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Supply and demand- if crops fail, what happens to prices?

User WooCaSh
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1 Answer

13 votes
13 votes
If crops fail then farmers will not make a profit, which would create unemployment. The prices will rise in the economy, due to the lack of supply of the crops. The demand for crops is valuable so if we ran out then suppliers would raise the prices which would only allow the wealthier people to buy crops of the ones left.
User LuckyMe
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