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:

(D), (B), (A), (C)

The correct answer is Option (4) → (D), (B), (A), (C)

(D) The market supply of onions decreases, leading to excess demand — this happens first because the hurricane destroyed a major part of the crop.

(B) As prices start rising, buyers will compete with each other to obtain onions from the market.

(A) Due to excess demand and limited supply, there will be upward pressure on the price of onions.

(C) This competition causes the demand to contract (since some buyers withdraw) and supply to expand (as sellers are willing to sell more at higher prices), until a new equilibrium is reached.