Frigid Florida Winter is Bad News for Tomato Lovers An unusually cold January in Florida destroyed entire

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Frigid Florida Winter is Bad News for Tomato Lovers An unusually cold January in Florida destroyed entire fields of tomatoes. Florida’s growers are shipping only a quarter of their usual 5 million pounds a week. The price has risen from $6.50 for a 25-

pound box a year ago to $30 now.

Source: USA Today, March 3, 2010

a. Make a graph to illustrate the market for tomatoes before the unusually cold January and show how the events in the news clip influence the market for tomatoes.

b. Why is the news “bad for tomato lovers”?

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Macroeconomics

ISBN: 125367

12th Global Edition

Authors: Michael Parkin

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