Responses
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.
A parent needs a cake for their child’s party and finds three bakers within a few miles of their home.
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 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.
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The response that best shows 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 how multiple suppliers (the bakers) are available to meet the demand (the cake for the child’s party), indicating a functioning market where supply can meet consumer needs.
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41 answers
1 answer
1 answer