Impact of disaster on products price

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Reference no: EM1372043

Say there is a natural disaster which wipes out all of tomato plantation of one country. so there is a drastic increase in the price say from $6 to $15 a kilo. how has the disaster caused such a drastic price rise in the short-run and how will the outcome be different in the long run. how would i show this in an economic model?

Reference no: EM1372043

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