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Which of the following is the most accurate example of supply and demand?


The consumer cost for roses drops when fewer roses are available for sale.

The price of rice increases as more of it is produced.

The consumer cost for roses drops when fewer roses are available for sale.

The large amount of unemployed farm laborers drops farm wages.

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Answer:

Which of the following is the most accurate example of supply and demand?

  • The consumer cost for roses drops when fewer roses are available for sale.

Explanation:

What is demand?

  • Demand refers to consumers' desire to purchase goods and services at given prices. Demand can mean either market demand for a specific good or aggregate demand for the total of all goods in an economy.

The consumer cost for roses drops when fewer roses are available for sale.

Explanation:-

  • Demand means the asking of consumers for the product.
  • If demand of any product increases among consumers the price also increases.
  • If demand of any product decreases among consumers the price also decreases .

[tex]\\ \sf\longmapsto Demand\propto Product [/tex]

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