Weegy: When price changes, one should expect a change in quantity supplied.
Sales of bananas have dropped from 100,000 pounds to 75,000 pounds per day because a freeze resulted in a smaller supply. In the process, the average price of a pound of bananas has risen from $0.80 to $1.00. Which of the following is most likely true? (Points : 1)
The demand for bananas has increased because of the increase in price.
The ... (More)