Exhibit 3-5 -Suppose That the Price of Bananas Has Been Rising While

question 140

Essay

Exhibit 3-5
$\begin{array}{|c|c|c}\hline \begin{array}{c}\text { Price per } \\\text { Barrel }\end{array} & \begin{array}{c}\text { Quantity } \\\text { Demanded }\end{array} & \begin{array}{c}\text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 50 & 725 & 900 \\\hline \$ 49 & 745 & 885 \\\hline \$ 48 & 775 & 840 \\\hline \$ 47 & 800 & 800 \\\hline \$ 46 & 830 & 750 \\\hline\end{array}$

-Suppose that the price of bananas has been rising while the amount sold has been falling. Which of the following is the best explanation?
(A) Cansuner preferences have shifted in favar of bananas because they are healthful
(B) Cansumer incames have risen faster than inflation.
(C) Bad weather has reduced 5ame banana craps.

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Political Lobbying

The act of attempting to influence decisions made by officials in the government, often by organizations or individuals with vested interests.

Job Responsibilities

The specific duties, tasks, and functions that an individual is expected to perform as part of their employment role.

Expansion of Job Duties

The broadening of tasks and responsibilities assigned to a position or employee over time.

Subcontracting

The process of assigning or outsourcing part of the obligations and tasks under a contract to another, outside party.