Which of the following best shows how supply and demand should work for distribution within a market system?(1 point)

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.