Last week, bananas cost $0.39 per pound. This week, they cost $0.59 per pound. What will probably happen to the quantity of bananas demanded?
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Solution 1
The law of demand in economics states that if all other factors remain equal, the higher the price of a good, the less people will demand that good. So, if the price of bananas increased from 0.59 per pound, it is likely that the quantity of bananas demanded will decrease. This i Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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