A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence.

(A) There will be upward pressure on the price of onions.

(B) The buyers will compete in order to get onions in the market.

(C) Demand contracts and supply expands until the market achieves a new equilibrium.

(D) The market supply of onions decreases, leading to excess demand for the same.

Choose the correct answer from the options given below:

Option 1 -> Starts with price pressure before supply decrease, incorrect sequence.

Option 2 -> Places price pressure before buyer competition, incorrect sequence.

Option 3 -> Places price pressure before buyer competition, incorrect sequence.

Option 4 -> Correct sequence: Supply decreases first (D), then buyers compete (B), creating price pressure (A), leading to new equilibrium (C).

Hence, Option 4: (D), (B), (A), (C) -> When a hurricane destroys the onion crop, the logical chain of events is: (D) First, market supply decreases causing excess demand (shortage); (B) Then, buyers compete for the limited onions available; (A) This competition creates upward pressure on prices; (C) Finally, higher prices cause demand to contract and supply to expand until a new market equilibrium is achieved. This follows the basic economic principle of supply-demand adjustment through price mechanism. -> correct