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Resous OH Checker Supply and Demand - Work It Out: Question 2 of 4 Price The accompanying table gives the supply and demand for orchid
Resous OH Checker Supply and Demand - Work It Out: Question 2 of 4 Price The accompanying table gives the supply and demand for orchid (Sunith leis in Hawaii 5 Assume the Hawaiian lei industry now increases its use of 10 orchids from Thailand, allowing it to increase the supply of orchids by 8,000 units at every price. Using this new 20 information, indicate the following: 25 Quantity demanded (thousands) 24 Quantity supplied (thousands 8 20 12 15 16 18 12 20 24 8 Quantity supplied at a price of $5: thousand Quantity supplied at a price of $10: thousand The new equilibrium price is per lei, and the Quantity supplied at a price of $15: thousand new equilibrium quantity is thousand Using the table above, which of the following graphs best illustrates the market equilibrium? O 1 1 Price Od D Gaya O (a) (b) D (0) c (0)
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