The only Christmas tree farmer in a small town in PA planted 1,000 trees three years ago. He has just heard that because of the pandemic, everyone wants to sit around a real Christmas tree this year (no one wants to use a fake tree). What do we know will happen:
the price of trees will increase
✅
the supply of trees will increase
❌
the supply of trees will decrease
❌
the price of trees will decrease
❌

Question

The only Christmas tree farmer in a small town in PA planted 1,000 trees three years ago. He has just heard that because of the pandemic, everyone wants to sit around a real Christmas tree this year (no one wants to use a fake tree). What do we know will happen:

the price of trees will increase

✅

the supply of trees will increase

❌

the supply of trees will decrease

❌

the price of trees will decrease

❌

Accepted Answer

the price of trees will increase

Answer

the supply of trees will increase

Answer

the supply of trees will decrease

Answer

the price of trees will decrease

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The only Christmas tree farmer in a small town in PA planted 1,000 trees three y...

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