Which of the following is evidence of a surplus of bananas?
A. Firms raise the price of bananas.
B. The price of bananas is lowered in order to increase sales.
C. The equilibrium price of bananas rises due to an increase in demand.
D. The quantity demanded of bananas is greater than the quantity supplied.
Answer:B
Which of the following is evidence of a surplus of bananas?
A. Firms raise the price of bananas. B. The price of bananas is lowered in order to increase sales. C. The equilibrium price of bananas rises due to an increase in demand. D. The quantity demanded of bananas is greater than the quantity supplied.