-In the figure above,a price of $35 per dozen roses results in
A) a shortage.
B) equilibrium.
C) a surplus.
D) upward pressure on the price of roses.
E) an eventual rightward shift of the demand curve and/or leftward shift of the supply curve.

Question

-In the figure above,a price of $35 per dozen roses results in
A) a shortage. 
B) equilibrium. 
C) a surplus. 
D) upward pressure on the price of roses. 
E) an eventual rightward shift of the demand curve and/or leftward shift of the supply curve.

Quizplus · Accepted Answer

A price of $35 per dozen roses is likely above the equilibrium price, leading to a surplus where the quantity supplied exceeds the quantity demanded.

-In the Figure Above,a Price of $35 Per Dozen Roses