asked 142k views
3 votes
The supply of pineapples in Hawaii​ increases, causing pineapple prices to fall. Lower prices mean that Hawaiian households will increase​ what?

asked
User Keita
by
8.2k points

1 Answer

2 votes

Answer:

Lower prices means - Hawaian households willl increase DEMAND of them .

Step-by-step explanation:

At lower prices , more amount of pineapples are demanded .

This is because of LAW OF DEMAND : There is inverse relationship between price and quantity demanded of a good , other factors (income , other goods , income , tastes) remaining constant .

So , lower prices increase the quantity demanded of pineapples & there is EXPANSION in quantity demanded , DOWNWARDS movement along the downward sloping demand curve .

answered
User Markel
by
8.0k points
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