asked 65.2k views
1 vote
Suppose that farmers grew an unexpectedly large number of tomatoes this year. How would this increase in production affect the price of tomatoes?

2 Answers

3 votes
The price of tomatoes would decrease!
answered
User Kamran Maximoff
by
8.3k points
2 votes

Answer

The price of tomatoes would decrease.


Step-by-step explanation

The price of a commodity is mostly affected by its quantity in the market.

When the product is more in the market, its value goes down since everyone is almost having it. This makes its price to significantly decrease to as to maintain the sales.

The price of a commodity is inversely proportional to its quantity.

answered
User Dmitry Maksimov
by
7.9k points
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