Suppose roses are currently selling for $30 per dozen, but the equilibrium price of roses is $20 per dozen. We would expect a

Question

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Since the current price of $30 per dozen is above the equilibrium price of $20 per dozen, this suggests that there is excess supply, or a surplus. As a result, we would expect the market price of roses to decrease in order to clear the surplus and reach the equilibrium price.

Suppose Roses Are Currently Selling for $30 Per Dozen, but the Equilibrium