Explain how a demand curve shows how demand for bananas changes with price of bananas. (Minimum...

Explain how a demand curve shows how demand for bananas changes with price of bananas. (Minimum 50 words) b) Examine with respect to the demand for bananas, which of the following would cause (1) movement along the demand curve or (2) a shift of the demand curve? i).Consumers’ incomes drop. ii).The price of bananas rises. iii).The price of oranges, a substitute product, falls. c) Using supply demand analysis show what will be the change in equilibrium when there is a drop in consumers’ income as mentioned in i).

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Rahul Sunny answered 1 year ago

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