Which of the following is an example of an entrepreneur being influenced by
the economic principle of supply and demand?
A. Wendy has researched ways to maximize productivity in her new
business.
B. Lindsey notices that the only coffee shop in town is very popular,
so she opens her own coffee shop.
C. Saul has come up with an advertising budget for his new
business's marketing campaign.
D. At his new bike shop, Nick hires polite, friendly individuals to work
the registers.

Respuesta :

Answer:

B. Lindsey notices that the only coffee shop in town is very popular,  so she opens her own coffee shop.

Explanation:

According to the economic principle of supply and demand, the relationship between the two is directly proportional to each other. With the increase in the demand of any product, there arises an increase in the supply of the product and vice versa.  

From the given options, option B. is representing the relationship between supply and demand. The popularity of coffee shop among the people in the town led Lindsey to open her own coffee shop. Increase in demand led to the increase in the supply of the product.