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Question 15 2 points possible (graded) The following data describe the total utility derived from roses and carnations. The price is the per unit cost for each. What are the utility maximizing quantities of roses and carnations if the consumer has a budget of 22? Roses Camatlons Price 4.00 Price 2.50 Quantity Total Utility Quantity Total Utility 0 0 0 0 104 222 166 280 217 321 263 353 305 380 344 404 Roses Carnations Submit You have used 0 of2 attempts Save Question 16 1 point possible (graded) A orist reviewed sales data from the previous year and found that the cross elasticity of demand between roses and carnations was -.89 then which of the following would be the best strategic choice? A create more bouquets with roses and carnations A when carnation prices are falling order less roses. A during busy holidays stock only roses. A all of the above. Submit You have used 0 of2 attempts Save Question 17 1 point possible (graded) Ifa market is in equilibrium then: A prices will remain constant for at least 6 months. A the price elasticity of demand will be 0 since prices are stable. A a change in a determinant would cause the equilibrium to change. A any change in consumer preferences would cause the equilibrium price to increase and the equilibrium quantity to decrease.