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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 $40 110 35 100
Use thesupply schedulebelow to answer the questions that follow.
Supply of Flower Bouquets
Price (dollars per bouquet) Quantity of Bouquets Supplied
$40 110
35 100
30 80
25 70
20 50
15 30
Instructions:Enter your answers as a whole number.
a. What is the quantity of bouquets supplied if the market price is $25?
( ) bouquets of flowers
b.Suppose the market price falls from $25 per bouquet to $20 per bouquet.
The quantity of bouquets supplied will (Increase/Decrease) by ( ) bouquets.
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