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Price and quantity of bananas in the very short run

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Reference no: EM131802232

1. Using supply and demand curves explain how a cyclone would affect the price and quantity of bananas in the very short run?

2. If bananas were called luxuries. Do you think that this is strictly true in economic terms? If bananas were luxuries what would this mean for the supply and demand curves?

Reference no: EM131802232

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