Econ help D Cengage Brain Login or F x Apl Stud Question x CEcon Help IChegg.com

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Econ help

D Cengage Brain Login or F x Apl Stud Question x CEcon Help IChegg.com x Ci fi Courses aplia.co action takeQuiz&quiz; probGuid Q4PLCOA80101000000307a4690100000&ctx; cnbissess-00388 ck 3 1466207522376 0AAAESAR E 13. A supply and demand puzzle The following graph shows the market for roses in 2009. Between 2009 and 2010, the equilibrium quantity of roses remained constant, but the equilibrium price of roses decreased. From this, you can conclude that between 2009 and 2010, the supply of roses and the demand for roses Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2010. Suppl Demand Supply Demand Suggestions Session QUANTITY (Roses) 59:24 Timeout 7:52 PM O m Cortana. Ask me anything

Explanation / Answer

supply of roses increased and demand for roses decreased. Then the new intersection will be at the same equilibrium quantity but lower equilibrium prices.

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