Price Quantity ofHot Chocolate Demanded Quantity ofHot C…

Price Quantity ofHot Chocolate Demanded Quantity ofHot Chocolate Supplied $1.00 750 cups 525 cups $1.50 700 cups 550 cups $2.00 650 cups 575 cups $2.50 600 cups 600 cups $3.00 550 cups 625 cups The table above depicts the initial demand and supply schedules for cups of hot chocolate. Due to an especially strong cocoa crop, the entire supply of hot chocolate increases by 150 cups. As a result, the new equilibrium price of hot chocolate will be ____.

Price Quantity of Flowers Demanded Quantity of Flowers S…

Price Quantity of Flowers Demanded Quantity of Flowers Supplied $8 50 bouquets 10 bouquets $10 40 bouquets 20 bouquets $12 30 bouquets 30 bouquets $14 20 bouquets 40 bouquets $16 10 bouquets 50 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 40 bouquets. As a result, the new equilibrium quantity of flowers will be ____.