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In early February 2011, cyclone Yasi swept through Queensland, devastating the state's banana farming industry. It was estimated that 75 percent of banana crops in

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In early February 2011, cyclone Yasi swept through Queensland, devastating the state's banana farming industry. It was estimated that 75 percent of banana crops in Queensland were wiped out. Queensland accounted for 94% of total banana output in Australia. Required: 1. Clearly explain in your own words the impact of the shock described above (i.e., the cyclone) on the demand and supply in the market of banana in Australia. Point out the relevant determinant of demand andfor supply in this scenario

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