The price of carnations drops by 50 percent what happens?

When the price of carnations drops by 50 percent, it typically leads to an increase in demand, as more consumers find the lower price attractive and choose to purchase them. Conversely, suppliers may reduce the quantity of carnations they are willing to sell at this lower price, as profit margins decrease. This change in price can also stimulate market activity, potentially attracting new buyers and increasing overall sales volume. In the long run, the market may reach a new equilibrium as demand and supply adjust to the new price level.