Each year around Valentine's Day, we would expect:
A) the demand for roses to increase.
B) the price of roses to increase.
C) the quantity of roses sold to increase.
D) all of the above.

Question

Quizplus · Accepted Answer

As Valentine's Day approaches, the demand for roses tends to increase. This increase in demand usually leads to an increase in the price of roses. Since the price has gone up, the quantity of roses sold may decrease, but overall, the demand for roses will still increase. Therefore, all of the above choices are correct.

Each Year Around Valentine's Day, We Would Expect