Innisfail banana farmers said that they lost up to 15 per cent of crop because of wild weather.This indicates that the:

Question

Quizplus · Accepted Answer

A decrease in the quantity of bananas available due to crop loss will result in a shift in the supply curve to the left. This means that at any given price, the quantity of bananas available will be lower than before, resulting in a reduction in the overall supply of bananas in the market. As a result, prices may increase, and there may be a shortage of bananas if demand remains constant.

Innisfail Banana Farmers Said That They Lost Up to 15