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 ____.