Price of Bananas Rockets by 16% - 0 views
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Maria A on 20 Oct 14The decreased production of bananas means there is an excess of demand for bananas. The shortage of bananas demonstrates how to correct and balance the market, the banana increases in price for the market to be in equilibrium. The excess of demand automatically forces the price to increase, demonstrated by the 16% increase, until the market is at equilibrium.