Explain the laws of supply and demand

Question Description

I’m studying and need help with a question to help me learn.

 Your friend has asked you why the price of bananas is higher during certain times of the year. Using what you have learned about the laws of supply and demand, explain to your friend how the market affects price. 

 Respond to your classmates' answers by asking additional questions that a newcomer to business might ask. Is the explanation clear? Which areas do you understand? In which areas would you like more clarification?  Include examples from the Businessweek articles and further discuss.

Please proofread your work.  Run a final word usage, grammar, punctuation, and spell check.  Use the QUOTE ORIGINAL feature in all posts in the DQ threads. 

Your responses should be a minimum of 3-7 sentences, approximately 50-100 words.  Let me know if you have any questions. 

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

unicew (3930)
University of Virginia

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