If the price of bananas increases from $0.75 a pound to $1.00 per pound, in the market for bananas this will cause: decrease in demand.
Demand can be defined as the amount of goods that consumer are willing and ready to buy at a particular period of time.
The law of demand states that the higher the price the lower the demand and the lower the price the higher the demand.
Therefore If the price of bananas increases from $0.75 a pound to $1.00 per pound, in the market for bananas this will cause: decrease in demand.
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