Last week, bananas cost $0.39 per pound. This week, they cost $0.59 per pound. What will probably happen to the quantity of bananas demanded?

A vendor buys bananas at 7 for Rs.6 and sells at 6 for Rs.7. What will be the result?

You are working at a smoothie shop and a group of friends comes in and orders a range of different smoothies. They order 2 banana smoothies at $6.95 each, 3 mango smoothies at $7.20 each and 1 berry smoothie which costs $5.80 What is the total cost of their order?

Craig buys 4 oranges and 5 bananas. The total cost is £3.70. Each orange costs 35p. Work out the cost in pence of each banana. Please write your answer in pence (eg. 87p)

The price of a carton of milk went down by 25 cents today. What will probably happen to the quantity of milk demanded?

Australia produces approximately 370 million kilograms of bananas annually with the vast majority of bananas grown in North Queensland. Australians consume 310 million kilograms of bananas at a market clearing price of $6/kg, with the other 60 million kilograms sold overseas. Answer the following questions: With domestic supply and demand equalling one another, the market is in? Type E for in Equilibrium, M for needing More growers, U for Unable to make a conclusion or I for totally Impossible and only theoretical. The banana industry successfully lobbies the government to implement a price floor of $8/kg on bananas. The quantity of bananas demanded falls to 140 million kilograms. At 140 million kilograms the opportunity cost of producing the last kg of bananas is $3/kg. If the banana industry starts producing bananas as soon as the price goes above $0/kg, how much consumer surplus is converted to producer surplus when the price is increased from $6/kg to $8 per kg? $ million. Answer to the nearest million (with no decimal places). If the original consumer surplus was 930 million dollars, has the price floor made the consumers better off? . Type Y for Yes or N for No.