If the number of banana producers increases,

Question

Quizplus · Accepted Answer

If the number of banana producers increases, this means there are more suppliers of bananas in the market. This increases the supply of bananas, resulting in a shift to the right in the supply curve. This can lead to lower prices for bananas, as there is more competition among suppliers to sell their products. It does not necessarily affect the demand for bananas, which is determined by factors such as consumer preferences, income, and availability of substitutes.

If the Number of Banana Producers Increases