--%>
Assignment Help - homework help

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 : Function of right ventricle Specify the

    Specify the function of right ventricle? Where does right ventricle pump the venous blood?

    		•
  • Q : Project Planning-Stages of Projects

    Project Planning-Stages of Projects: A) Set project objectives B) Organize the project team C) Develop a clear project brief, specifying the scope of the project the responsibilities of team members D) Rough estimat

    		•
  • Q : Interpretation of different

    Various conclusions may be drawn from the study of different models as follows: I. As soon as the understanding of human behavior develops or social conditions change, the model is bound to change. No one model is best for all times. II. Models of organizational behavior are relat

    		•
  • Q : Formation of the enzyme-substrate

    How does the formation of the enzyme-substrate complex explain the reduction of the activation energy of chemical reactions?

    		•
  • Q : Define Sales Cycle Management Sales

    Sales Cycle Management: The sales cycle is the order of phases that a classical customer goes through while deciding to buy something. Like a rule, the sales cycle is illustrated from the customer's perspective. The initial phase of the sales cycle ma

    		•
  • Q : Existence of segmentation or metameres

    Regarding the existence of segmentation (or metameres) in their body to which another already studied the phylum are arthropods proximal?

    		•
  • Q : Production of dried fruits and dried

    Why are sugar and salt employed in the production of dried fruits and dried meat?

    		•
  • Q : Extracellular digestion Regarding

    Regarding extracellular digestion what do you mean by chemical digestion? Answer: Chemical digestion is the sequence of enzymatic reactions to break macromolecules i

    		•
  • Q : Does mitosis correctly take place in

    Does mitosis correctly take place before or after the interphase? Is it a just “point of view” issue?

    		•
  • Q : Traits of Personality - Organizational

    Personality is the sum of different traits of a person. Personality is not known by a single trait. It is a composition of physical appearance, emotional attributes, sociability, objectivity, friendliness, thoughtfulness and so on. Personality is characterized by major trait dimensions such as re

    		•