Which of the following is the most likely reason for the increase in the price of roses on Valentine's Day?
A)An increase in the supply of roses
B)An increase in the demand for roses
C)The expectation of an increase in the price of roses after Valentine's Day
D)A decrease in consumer income
E)An increase in the prices of other flowers

Question

Quizplus · Accepted Answer

Valentine's Day is a day where people commonly express their love and affection towards others by gifting roses or other flowers. As a result, there is a surge in demand for roses on this day, which causes a corresponding increase in price due to limited supply.

Which of the Following Is the Most Likely Reason for the Increase