Author Question: The supply and demand schedules for dozens of roses are given below:PriceQuantity Suppliedper ... (Read 143 times)

moore.cailinf · **on:** Oct 12, 2022

Question 1

The supply and demand schedules for dozens of roses are given below:

Price	Quantity Supplied per period	Quantity Demanded per period
$10	200	500
$20	300	450
$30	400	400
$40	500	350
$50	600	300

TABLE 3-1

Refer to Table 3-1. How many dozens of roses would actually be purchased if the price in this market were $10?
◦ 300
◦ 350
◦ 500
◦ 400
◦ 200

Question 2

The supply and demand schedules for dozens of roses are given below:

Price	Quantity Supplied per period	Quantity Demanded per period
$10	200	500
$20	300	450
$30	400	400
$40	500	350
$50	600	300

TABLE 3-1

Refer to Table 3-1. At a price of ________ there would be an excess ________ of 300 dozen roses.
◦ $30; demand
◦ $10; demand
◦ $10; supply
◦ $30; supply
◦ $50; demand

bainer89 · **Reply #1 on:** Oct 12, 2022

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