Question

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Answer 1

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.

Answer 2

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 .

$\\ \sf\longmapsto Demand\propto Product$