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Is this correct? First photo is my answer second is the question i was provided with. My data is that, with online wire services for

Is this correct?
First photo is my answer second is the question i was provided with.
My data is that, with online wire services for fresh flower delivery, customers will order through online services rather than contact a local florist directly. Wire services take 25% profit of each sale, making local florists who are partnered with online services lose tremendous amounts of money! Furthermore, the demand for flowers is rising slowly, and the price is falling while using online wire services.
Additionally, small florists who are not involved in these wire services are making all of thier profits because they do not loose a percentage to other companies that market for them.
Maybe I could have two graphs showing data for florists who do not lose profit, and another for florists who lose profits while partnering with wire services. image text in transcribed
image text in transcribed
Si P . DI QI I Graph Analysis: Prices will fall, and quantity will fall. At the new equilibrium, the price decreases to P2 and quantity of flowers sold will decrease to Q2 The appropriate determinant causing the shift of demand is the popularity of ordering online rather than shopping at local businesses, this shifts the demand curve to the left. The determinants of demand in connection to Third, draw "before" and "after" supply and demand curve(s) on the same graph (identify the equilibrium points too!) for the market in your news event. Specific prices and quantities are not required if not readily available. However, you are expected to analyze a general price change (example: prices rose/will rise) and quantity (example: quantity rose/will rise) change for the market from "before" the change occurs to the market and "after" the change. Your graph will likely have either one demand curve and two supply curves (one "before" and one "after"), or two demand curves ("before" and "after") and one supply curve. Indicate whether the market will initially experience a surplus or shortage before the new equilibrium price is found

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