Q6: The following table sets the demand and the supply schedules for flower bouquet on a normal weekend. 16 marks Price of a flower bouquet Quantity demanded Quantity supplied 7 90 (Flower bouquet per week) 30 9 80 35 12 50 50 19 40 70 24 25 80iv) Flower sellers know that Valentine day is next week-end and they expect the price to be higher, so they withheld 30 flower bouquet from the market this week end. What is the equilibrium price this week end? Complete the table to show your result. Price of a flower bouquet Quantity demanded New Quantity supplied Flower bouquet week 7 90 9 80 12 50 15 40 20 25 V ) On Valentine Day, demand increases by 90 flower bouquet at each price level. What is the new equilibrium price of a flower bouquet on Valentine Day when the sellers plan to increase the normal supply by the 35flower bouquet withheld last week end? Complete the table to show your result. Price of a Quantity demanded Quantity supplied New quantity New flower bouquet quantity (Flower bouquet per week) demanded supplied 7 90 30 9 80 35 12 50 50 15 40 70 20 25 80