As you progress through the tutorial, the question sequences will become available. You must complete all the question sequences to receive credit for this tutorial.
Tutorial
Econ Tutorial
Supply and Demand
As you progress through the tutorial, the question sequences will become available. You must complete all the question sequences to receive credit for this tutorial.
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Question 1 of 1
Questions
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Question
Assume many people eat BLT sandwiches (Bacon, Lettuce and Tomato) and that the cost of bacon has risen substantially. What will happen to the demand for tomatoes?
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Question
If the wages for farm workers (tomato pickers) rise substantially, what happens to the amount of tomatoes supplied?
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Question
Assume a public rumor spreads about tomatoes sold at the local farmer's market; they are tainted with bacteria that cause serious food-borne illness. What happens to the equilibrium price and quantity for these tomatoes?