If U.S. wholesalers buy roses at the lowest possible price, how many do they buy from U.S.
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If U.S. wholesalers buy roses at the lowest possible price, how many do they buy from U.S.
growers and how many do they import?
Wholesalers buy and sell roses in containers that hold 120 stems. The table provides information about the wholesale market for roses in the United States. The demand schedule is the wholesalers’ demand and the supply schedule is the U.S. rose growers’ supply.
Transcribed Image Text:
Price (dollars per container) 100 125 150 175 200 225 Quantity demanded Quantity supplied (millions of containers per year) 15 12 9 6 3 0 0 2 4 6 8 10
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