In a market economy a significant change in consumers' desire for product X will:

A) alter the profits or losses received by suppliers of product X.
B) cause a reallocation of scarce resources.
C) cause some industries to expand and others to contract.
D) do all of these.

Market Economy

An economic system in which supply and demand from consumers primarily determine what, how, and for whom goods and services are produced.

Consumers' Desire

The inclination or preference of consumers towards certain products or services, which drives demand and influences market trends.

Product X

A placeholder name for any given product or service under consideration in an economic or marketing context.