14. A supply and demand puzzle The following graph shows the market for roses in 2010. Between 2010 and 2011, the equilibrium quantity of roses remained constant, but th equilibrium price of roses decreased. From this, you can conclude that between 2010 and 2011, the supply of roses an demand for roses Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it sn to its original position, just drag it a little farther. Supply Demand Supply Demand QUANTITY (Roses) PRICE (Dollars per rose)
14. A supply and demand puzzle The following graph shows the market for roses in 2010. Between 2010 and 2011, the equilibrium quantity of roses remained constant, but th equilibrium price of roses decreased. From this, you can conclude that between 2010 and 2011, the supply of roses an demand for roses Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it sn to its original position, just drag it a little farther. Supply Demand Supply Demand QUANTITY (Roses) PRICE (Dollars per rose)
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 10P
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Transcribed Image Text:14. A supply and demand puzzle
The following graph shows the market for roses in 2010. Between 2010 and 2011, the equilibrium quantity of roses remained constant, but the
equilibrium price of roses decreased. From this, you can conclude that between 2010 and 2011, the supply of roses
and
demand for roses
Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it sna
to its original position, just drag it a little farther.
Supply
Demand
Supply
Demand
QUANTITY (Roses)
PRICE (Dollars per rose)
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