Lukecrayonz
  • Lukecrayonz
Quick econ question?! I simply just don't get it :(
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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Lukecrayonz
  • Lukecrayonz
If people expect the price of bananas to drop, what occurs to supply & demand?
Lukecrayonz
  • Lukecrayonz
Would it be that demand drops due to the fact that people want to wait to buy it?
anonymous
  • anonymous
I think the supply would drop because people would be buying them if they are cheaper and the demand would increase because would want more bananas for cheaper.

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Lukecrayonz
  • Lukecrayonz
But its expectations. Price has not changed yet
anonymous
  • anonymous
Well if the price hasn't dropped then yeah, the demand would decrease because for example, people wouldn't buy bananas at $3 when they know the next day they will be $1.

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