Demand. Give a full and? Include the following in your answer:
1. Does the event described affect supply, demand, both, or neither? Explain with specific examples.
2. Will it affect demand or quantity demanded? Why? Please explain your choice.
Question: Using supply and demand, explain why the price of roses always seems to rise just before Valentine’s Day.
1. How would a freeze that killed one-half of the rose crop effect the price? Why?
2. What would happen to the sales for fine chocolates if one-half of the rose crop freezes? Why?
1. Does the event described affect supply, demand, both, or neither? Explain with specific examples.
2. Will it affect demand or quantity demanded? Why? Please explain your choice.
Question: Using supply and demand, explain why the price of roses always seems to rise just before Valentine’s Day.
1. How would a freeze that killed one-half of the rose crop effect the price? Why?
2. What would happen to the sales for fine chocolates if one-half of the rose crop freezes? Why?