Refer to the first graph above, which shows temperature and precipitation in a temperate desert, and observe that the months of March and April are not the warmest, coldest or wettest months in this biome. However, the bloom of desert wildflowers will typically occur in these two months. Think about possible reasons for this pattern and explain why it occurs.
Definitions:
Demand
The total quantity of goods or services that consumers are willing and able to purchase at a given price level in a market.
Supply
The total amount of a specific good or service that is available to consumers in a market at a given time and price.
Elastic
Describes a situation in which a change in price leads to a significant change in the quantity demanded or supplied of a good or service.
Supply
The total amount of a good or service that is available to consumers at a given price level and time.
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