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Suppose we observe that the price of bananas increases, while the quantity of bananas sold stays about the same. Which one of the following statements
Suppose we observe that the price of bananas increases, while the quantity of bananas sold stays about the same. Which one of the following statements most likely describes what has caused this effect in the banana market? 1. The price of apples has increased and the banana harvest was particularly good 2.None of the answers are a potential explanation 3. The price of apples has decreased and the banana harvest was particularly good. 4. The price of apples has decreased and the banana harvest was reduced due to a pest infestation 5. The price of apples has increased and the banana harvest was reduced due to a pest infestation I think the answer is number 5-the key to this question is realizing the quantity of bananas sold is the same even through the quantity supplied is less. Is this right
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