Given the task verb 'explain', which of the following responses best illustrates its proper application in an economics context?

To explain something in economics means to break down a concept so that someone else can understand it clearly. For example, if we talk about supply and demand, you would describe how the supply of a product increases when prices go up, while demand decreases. You would also explain how these two forces interact to determine the market price of goods. By using simple examples, like how more people buy ice cream on hot days, you help others see the real-world effects of these economic principles. This way, the explanation becomes easier to grasp and shows how economics affects everyday life.