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Beetle pollinators of a particular plant are attracted to its flowers' bright orange colour. The beetles not only pollinate the flowers, but they mate while inside of the flowers. A mutant version of the plant with red flowers becomes more common with the passage of time. A particular variant of the beetle prefers the red flowers to the orange flowers. Over time, these two beetle variants diverge from each other to such an extent that interbreeding is no longer possible. What kind of speciation has occurred in this example, and what has driven it?
Quantity Demanded
Refers to the specific amount of a good or service that buyers are willing to purchase at a given price, at a specific point in time.
Perfectly Inelastic Supply
A market scenario where the quantity supplied is completely unresponsive to price changes at all price levels.
Supply Curve
A graph that shows the relationship between the price of a good and the quantity supplied, typically upward sloping reflecting higher prices incentivizing more supply.
Perfectly Elastic
A market condition in which demand or supply for a good or service is infinitely sensitive to changes in price, leading to immediate adjustments.
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