Homework Answers
The factors that will affect the food prices are:-
Weather, machinery, fuel and chemicals.
Weather is the main factor that affects the quantity of the food crops produced which in turn is responsible for the prices charged by the producers. The price of the machinery would result in the amount of the machinery used for production. Cheaper the machinery, more the machinery used and hence more efficient the output which in turn may lead to lower prices. Fuel is an important factor affecting the food prices since it is a part of the transportation cost which is one of the cost which is covered in the prices charged for the food crops. Chemicals include fertilizers, insecticides, pesticides, etc which are important in order to increase the quantity of food crops produced and also to make sure that less crops get damaged. Thus a lower price of chemicals will lead to an increase in the amount of the food crops produced and this in turn will affect the food crop prices.
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