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Use thesupply schedulebelow to answer the questions that follow. Supply of Flower Bouquets Price (dollars per bouquet) Quantity of Bouquets Supplied $40 120 35 110
Use thesupply schedulebelow to answer the questions that follow.
Supply of Flower Bouquets
Price (dollars per bouquet) | Quantity of Bouquets Supplied |
$40 | 120 |
35 | 110 |
30 | 100 |
25 | 90 |
20 | 70 |
15 | 50 |
Instructions: Enter your answers as a whole number.
a. What is the quantity of bouquets supplied if the market price is $40?
bouquets of flowers
b.Suppose the market price falls from $40 per bouquet to $25 per bouquet.
The quantity of bouquets supplied will (Click to select) decrease increase by bouquets.
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