nstructions: Round your answers to 1 decimal place. . Fill in the values in the supply schedule for the quantity of roses supplied in February. b. Draw the market supply curve for roses during an average month (S) and also draw the market supply curve for February (SFeb)- Instructions: Use the tools provided 'S' and 'SFeb' to plot each line point by point (7 points each). Price (dollars) 432 13 12 11 10 00 S 60 Supply of Roses 275 100 Quantity (dozens) $50 Tools S Sfab c. At a market price of $11.00, what will be the quantity supplied of roses during the month of February? dozen

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
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The table below presents the market supply schedule for roses in an average month. In February in anticipation of St. Valentine's Day
rose growers increase the quantity of roses they supply to the market by 50% at every price.
Market Supply of Roses
Price (dollars
per dozen)
8.00
9.88
16.00
Price (dollars)
12.80
13.88
LL
Quantity of Roses Supplied
(dozens)
AVE
Average Month
200
225
250
275
Instructions: Round your answers to 1 decimal place
a. Fill in the values in the supply schedule for the quantity of roses supplied in February.
b. Draw the market supply curve for roses during an average month (S) and also draw the market supply curve for February (SFeb
Instructions: Use the tools provided '3' and 'Sreb' to plot each line point by point (7 points each)
Ⓡ
398
325
Min dozen
350
Supply of Roses
400
175
February
Quantity (dozens)
550
Tools
(V) a
SECO
c. At a market price of $11.00, what will be the quantity supplied of roses during the month of February?
Th
Transcribed Image Text:The table below presents the market supply schedule for roses in an average month. In February in anticipation of St. Valentine's Day rose growers increase the quantity of roses they supply to the market by 50% at every price. Market Supply of Roses Price (dollars per dozen) 8.00 9.88 16.00 Price (dollars) 12.80 13.88 LL Quantity of Roses Supplied (dozens) AVE Average Month 200 225 250 275 Instructions: Round your answers to 1 decimal place a. Fill in the values in the supply schedule for the quantity of roses supplied in February. b. Draw the market supply curve for roses during an average month (S) and also draw the market supply curve for February (SFeb Instructions: Use the tools provided '3' and 'Sreb' to plot each line point by point (7 points each) Ⓡ 398 325 Min dozen 350 Supply of Roses 400 175 February Quantity (dozens) 550 Tools (V) a SECO c. At a market price of $11.00, what will be the quantity supplied of roses during the month of February? Th
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