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What happens in the tomato market

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Using supply and demand analysis explain what happens in the tomato market under each of the following scenarios.  Write what will happen to the curve, if anything, and what will happen to equilibrium price and quantity.  

  1. A strike by farm workers resulting in higher wages for harvesting tomatoes
  2. A summer of prime tomato-growing weather resulting in a large harvest of tomatoes
  3. A news report of one medical study suggesting tomatoes cure certain illnesses
  4. A hailstorm that destroys half of the tomatoes just ready for harvest

Reference no: EM131154741

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