Business, 20.11.2021 06:50 roseemariehunter12

Situation 1: Roses are red, violets are blue; 1. Using supply and demand analysis
A. Create a supply and demand schedule for the market of roses in 10 increments of 1.
b. Draw a correctly labeled graph for Roses and explain why the price of roses always seems to rise just
before Valentine's Day. (use the Equilibrium as a starting point and increase by 3 increments)
C. Explain what happens to the equilibrium?
2. Using the same scenario, suppose a freeze killed one-half of the rose crops just before Valentine's Day;
A. Illustrate and explain how it would this affect the market of roses.
b. Which determinant(s) would be affected for Supply and Demand?
3. What would happen to the equilibrium in the market for fine chocolates if one-half of the rose crops froze?
Explain why?
A. Which determinant(s) would be affected for fine Chocolates

Answers: 2

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Situation 1: Roses are red, violets are blue; 1. Using supply and demand analysis
A. Create...