The supply and demand schedules for dozens of roses are given below: $$\begin{array}{l}
\begin{array} { | l | l | l | }
\hline \text { Price } & \begin{array} { l }
\text { Quantity Supplied per } \
\text { period }
\end{array} & \begin{array} { l }
\text { Quantity Demanded per } \
\text { period }
\end{array} \
\hline \$ 10 & 200 & 500 \
\hline \$ 20 & 300 & 450 \
\hline \$ 30 & 400 & 400 \
\hline \$ 40 & 500 & 350 \
\hline \$ 50 & 600 & 300 \
\hline
\end{array}\
\text { TABLE 3- } 1
\end{array}$$
-Refer to Table 3- 1. At a price of _ there would be an excess _ of 300 dozen roses.

Question

The supply and demand schedules for dozens of roses are given below: $$\begin{array}{l}
\begin{array} { | l | l | l | } 
\hline \text { Price } & \begin{array} { l } 
\text { Quantity Supplied per } \
\text { period }
\end{array} & \begin{array} { l } 
\text { Quantity Demanded per } \
\text { period }
\end{array} \
\hline \$ 10 & 200 & 500 \
\hline \$ 20 & 300 & 450 \
\hline \$ 30 & 400 & 400 \
\hline \$ 40 & 500 & 350 \
\hline \$ 50 & 600 & 300 \
\hline
\end{array}\
\text { TABLE 3- } 1
\end{array}$$
-Refer to Table 3- 1. At a price of _ there would be an excess _ of 300 dozen roses.

Quizplus · Accepted Answer

At a price of $10, the quantity demanded is 500 dozen roses, and the quantity supplied is 200 dozen roses, resulting in an excess demand of 300 dozen roses.

The Supply and Demand Schedules for Dozens of Roses Are