Asked by Lucia Callista on Jun 13, 2024

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In the market for corn tortilla chips,what would cause a price increase?

A) Doctors tell their patients that tortilla chips are unhealthy.
B) There is a technological advance in tortilla chip production.
C) A fungus kills much of the corn crop in Nebraska.
D) The price of salsa triples.

Corn Crop

The cultivation of corn (maize) plants for use as food, feed, biofuel, and raw materials in agriculture and industry.

Tortilla Chips

Crispy snack food made from corn tortillas cut into triangles and then fried or baked.

Fungus

A group of eukaryotic organisms, which include yeasts, molds, and mushrooms, that live by decomposing and absorbing the organic material in which they grow.

  • Examine how external elements such as diets and technological innovations influence demand or supply.
  • Discern the repercussions of changes in input prices on market equilibrium.
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SP
Soniya PrasadJun 19, 2024
Final Answer :
C
Explanation :
If a fungus kills much of the corn crop in Nebraska, there will be a decrease in the supply of corn, resulting in higher prices for corn-based products like tortilla chips.