--%>

Effect of the increase in demand

Assume the demand for bananas increases. Describe how the price of bananas adjusts after the increase in demand.
If the demand for bananas increases, a shortage is developed at the original equilibrium price. It means there will be upward pressure on price. As price increase, quantity demanded falls and quantity supplied rise till the two are equal.

   Related Questions in Biology

  • Q : Improving the Communication -

    In order to remove barriers to communication an open door communication policy should be prepared and followed by managers at all levels. The superiors in the organization must create an atmosphere of confidence and trust in the organization so that the credibility gap may be narrowed down. Major

  • Q : Valve separating aorta from heart

    Specify the valve which disparate the aorta from heart? State the significance of that valve?

  • Q : Secondary structure of a protein Write

    Write down the secondary structure of a protein?

  • Q : Sub-products of the photochemical phase

    What are the sub-products of the photochemical phase which are necessary for the chemical phase of photosynthesis?

  • Q : What is On-Time Delivery On-Time

    On-Time Delivery: It is a measure of process and supply chain efficiency that measures the quantity of finish services or goods delivered to customers on time and in full. It aids determine how proficiently we are meeting our customer's or settled dea

  • Q : Are the cells of connective tissue near

    Are the cells of connective tissue near or far to the others?

  • Q : What is hormones What is meant by the

    What is meant by the hormones?

  • Q : Protection of female gametes from male

    Explain, how the male gametes go through the egg cell? How the female gametes guard itself from entry of more gametes after the first sperm cell?

  • Q : Concepts on Food pyramid for kids Ever

    Ever wondered why your kid falls sick the previous night of an important conference or event at the office? Explain the innovative Concepts on Food pyramid for kids ?

  • Q : Do phosphate and pentose give

    Do phosphate and pentose groups provide heterogeneity or homogeneity to the nucleic acid chains? What regarding the nitrogen-containing groups? Supported by that, which of such groups is expected to directly contribute in the highly diverse and heterogeneous genetic c