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Demand increases by 160 roses. Sellers plan to increase the normal supply by the 60 roses with- held last weekend. Create the new table: Quantity

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Demand increases by 160 roses. Sellers plan to increase the normal supply by the 60 roses with- held last weekend. Create the new table: Quantity Quantity demanded supplied Price (dollars per rose) (roses per week) 6.00 310 120 7.00 260 160 8.00 230 190 9.00 210 210 At $7 a rose, there is a shortage of 100 roses, to the price rises until, at $9 a rose, the quantity demanded equals the quantity supplied. The price on Mother's Day is $9 a rose. (Point C) Key Point: When demand increases by more than supply, the price rises

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