If a technological advance makes it possible to produce bananas at a lower cost,

Question

Quizplus · Accepted Answer

A technological advance that lowers the cost of producing bananas would make it easier and more efficient to produce them. This would increase the supply of bananas, as producers could offer more bananas for sale at a lower price. The increased supply would likely lead to a decrease in the price of bananas, which could result in an increase in demand for bananas as consumers are more likely to purchase them due to the lower prices. However, the primary effect would be an increase in the supply of bananas.

If a Technological Advance Makes It Possible to Produce Bananas