Price Quantity ofFlowers Demanded Quantity ofFlowers Sup…
Price Quantity ofFlowers Demanded Quantity ofFlowers 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. Suppose that the cost of refrigerating cut flowers rises, and the entire supply of flowers decreases by 30 bouquets. As a result, the new equilibrium quantity of flowers will be ____.