Different fruits are only grown in certain times of the year

Different fruits are only grown in certain times of the...

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Different fruits are only grown in certain times of the year. This is where supply and demand comes in. Since bananas are only grown certain times of the year there is less supply of the product, so the price goes up. If there were plenty of bananas all year
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Unformatted text preview: round, the price would be lower and it would not fluctuate. The answer from economics is that it is the scarcity of a product in conjunction with our need for it, which determines its value and thus the price we are willing to pay for it....
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