Suppose Roses Are Currently Selling for $40 Per Dozen,but the Equilibrium

question 135

Multiple Choice

Suppose roses are currently selling for $40 per dozen,but the equilibrium price of roses is $30 per dozen.We would expect a

• A)shortage to exist and the market price of roses to increase.
• B)shortage to exist and the market price of roses to decrease.
• C)surplus to exist and the market price of roses to increase.
• D)surplus to exist and the market price of roses to decrease.

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Definitions:

Male Fetuses

Fetuses that are genetically male, typically identified by the presence of XY chromosomes.

Ultrasound

Prenatal medical procedure using high-frequency sound waves to detect the outline of a fetus and its movements, so as to determine whether a pregnancy is progressing normally.

Amniotic Sac

A fluid-filled sac within the uterus that surrounds and protects the developing fetus during pregnancy.

Low-Birth-Weight Babies

Weight of less than 5½ pounds (2500 grams) at birth because of prematurity or being small for date.