Responses
A manicurist opens a shop in a small town, but soon finds that everyone goes to the city to have their nails done.
A manicurist opens a shop in a small town, but soon finds that everyone goes to the city to have their nails done.
A candlemaker wants to sell their new rose-scented candle in their local gift shop, but the shop already has three other candle companies with goods in the shop.
A candlemaker wants to sell their new rose-scented candle in their local gift shop, but the shop already has three other candle companies with goods in the shop.
A student cannot find the book they need for their upcoming math class at the campus bookstore or online.
A student cannot find the book they need for their upcoming math class at the campus bookstore or online.
A parent needs a cake for their child’s party and finds three bakers within a few miles of their home.
1 answer
The best example showing how supply and demand should work for distribution within a market system is:
A parent needs a cake for their child’s party and finds three bakers within a few miles of their home.
This scenario illustrates a competitive market where supply (the three bakers) meets the demand (the parent's need for a cake), allowing for choices and potentially lower prices due to competition among the bakers.
