ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A storm destroys all of the farmland in Ireland. What does this do for the market for vegetables?
A
Demand increases
B
Demand decreases
C
Supply increases
D
Supply decreases.
Explanation: 

Detailed explanation-1: -Thunderstorms can cause crop damage by a variety of means. High winds can break and damage plants. Hail can cause leaf damage reducing yield or destroying plants. Flooded fields can lead to loss of top soil as well as damage to crops.

Detailed explanation-2: -Natural disasters are a leading cause of food insecurity. They affect all components of food security, reducing economic and physical access to food availability, utilisation, and stability. They also affect agroecosystems by causing losses in crop production, fisheries, and livestock.

Detailed explanation-3: -Loss of agricultural land will directly effect the production of crops and hence food. The uprise of hunger will be the main effect.

Detailed explanation-4: -Bad weather, bacteria, diseases, pests, birds, and rats. What can farmers do to protect their crops? Utilize insecticides and pesticides to keep insects from damaging their crops, keeping the farm area clean to prevent rat infestations, and regularly checking on their crops.

There is 1 question to complete.