(Solved): Q4: The table below presents the market supply schedule for roses in an average month. In February i ...

The table below presents the market supply schedule for roses in an average month. In February in anticipation of St. Valentine's Day rose growers increase the quantity of roses they supply to the market by 50% at every price. Market Supply of Roses Quantity of Roses Supplied (dozens) Price (dollars per dozen) Average Month February $7.00 200 300 8.00 225 337.5 9.00 250 375 10.00 275 412.5 11.00 300 450 12.00 325 487.5 13.00 350 525 Instructions: Round your answers to 1 decimal place. a. Fill in the values in the supply schedule for the quantity of roses supplied in February. b. Draw the market supply curve for roses during an average month (S) and also draw the market supply curve for February (SFeb) Instructions: Use the tools provided 'S' and 'SFeb' to plot each line point by point (7 points each). Supply of Roses 14 13 12 11 10 Price (dollars) co 9 7 6 550 Tools S Sfeb 5 Quantity (dozens) c. At a market price of $11.00, what will be the quantity supplied of roses during the month of February? dozen