Question

question 5 (1 point)
johns dad makes wooden furniture, but there are many furniture makers in his state. johns dad decides to ship his furniture to the next state to be sold, as there are fewer people selling furniture in that state. which concept most impacts this movement of goods?

a supply and demand
b transportation
c intervening opportunity
d distance

Explanation:

John's dad moves his furniture to a state with fewer sellers, responding to the difference in the supply of furniture sellers (and thus the balance of supply and demand for his product) between the two states. Supply and demand dictates that lower local supply of competing sellers means better market conditions for his goods.

Answer:

a. supply and demand