Price Quantity of Flowers Demanded Quantity of Flowers S…
Price Quantity of Flowers Demanded Quantity of Flowers Supplied $8 80 bouquets 50 bouquets $10 70 bouquets 70 bouquets $12 60 bouquets 90 bouquets $14 50 bouquets 110 bouquets $16 40 bouquets 130 bouquets The table above depicts the initial demand and supply schedules for bouquets of flowers. When Mother’s Day approaches, the entire demand for flowers increases by 30 bouquets. As a result, the new equilibrium quantity of flowers will be ____.