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:

Sociologists

Are social scientists who study the development, structure, and functioning of human society and the dynamics of social relationships and institutions.

Entertainment

Activities, performances, or products designed to amuse, delight, or engage people, ranging from music and films to sports and games.

Social Hierarchy

The arrangement of individuals or groups in a society based on status, power, wealth, or some other criteria.

Native Americans

Indigenous peoples of the United States, including various tribes, communities, and nations who were the original inhabitants of the land.