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

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If the current price is higher than the equilibrium price, there will be a surplus of roses, which means that the quantity supplied will be higher than the quantity demanded. To eliminate the surplus, producers will have to lower the price, which will continue until the equilibrium price of $30 per dozen is reached. Therefore, we would expect a surplus to exist and the market price of roses to decrease.

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