Consider the market for fresh roses. Covid restrictions for weddings have been ...
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Consider the market for fresh roses.
Covid restrictions for weddings have been lifted, allowing for extravagant and elaborate festivities once again, and a fungus targeting rose bushes has destroyed 10% of the recent harvest.
These events will likely cause a/an
in the demand curve and a/an
in the supply curve for fresh roses.
Relative to the original equilibrium, the new equilibrium price will be
and the new equilibrium quantity will be
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