Question
The table below presents the market supply schedule for roses in an average month. In anticipation of St. Valentine's Day, in February rose growers increase
The table below presents the market supply schedule for roses in an average month. In anticipation of St. Valentine's Day, in February rose growers increase the quantity of roses they supply to the market by 50% at every price.
Market Supply of RosesQuantity of Roses Supplied (dozens)Price (dollars per dozen)Average MonthFebruary$7.002008.002259.0025010.0027511.0030012.0032513.00350
a. Fill in the values in the supply schedule for the quantity of roses supplied in February.
c. If the market price for a dozen roses is $11.00 in February, the quantity supplied of roses in the market will bedozen
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