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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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