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The Federal Agricultural Marketing Authority (FAMA) Malaysia announced that tomato production in Cameroon Highland would be down 20 percent this year due to Covid-19 pandemic.
The Federal Agricultural Marketing Authority (FAMA) Malaysia announced that tomato production in Cameroon Highland would be down 20 percent this year due to Covid-19 pandemic. Tomatoes and potatoes are substitutes. What would you expect to happen to the market (supply and demand) for the following?
a. Tomatoes?
b. Potatoes?
c. Tomato juice?
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