14. A supply and demand puzzle The following graph shows the market for roses in 2008. Between 2008 and 2009, the equilibrium price of roses remained constant, but the equilibrium quantity of roses increased. From this, you can conclude that between 2008 and 2009, 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 2009. 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 snaps back 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 2008. Between 2008 and 2009, the equilibrium price of roses remained constant, but the equilibrium quantity of roses increased. From this, you can conclude that between 2008 and 2009, 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 2009. 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 snaps back to its original position, just drag it a little farther. Supply Demand Supply Demand QUANTITY (Roses) PRICE (Dollars per rose)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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14. A supply and demand puzzle
The following graph shows the market for roses in 2008. Between 2008 and 2009, the equilibrium price of roses remained constant, but the equilibrium quantity of roses increased. From this, you can conclude that between 2008 and 2009, 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 2009.
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 snaps back to its original position, just drag it a little farther.
Transcribed Image Text:14. A supply and demand puzzle
The following graph shows the market for roses in 2008. Between 2008 and 2009, the equilibrium price of roses remained constant, but the
equilibrium quantity of roses increased. From this, you can conclude that between 2008 and 2009, 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 2009.
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 snaps back
to its original position, just drag it a little farther.
Supply
Demand
Supply
Demand
QUANTITY (Roses)
PRICE (Dollars per rose)
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