The market for orchids is in equilibrium. If the price of orchids decreases from $10.00 to $5.00, then we would expect to see a/an increase in supply. increase in quantity supplied. decrease in supply. decrease in quantity supplied. surplus in the market.

Question

Bo Campos

Business

6 April, 13:24

The market for orchids is in equilibrium. If the price of orchids decreases from $10.00 to $5.00, then we would expect to see a/an increase in supply. increase in quantity supplied. decrease in supply. decrease in quantity supplied. surplus in the market.

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Answers (1)

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Jamari Hendrix · Answer 1

Decrease in quantity supplied.

Explanation:

As in the given question the price of orchids is decreases from $10.00 to the $5.00 it simply means the purchasing of orchids by customer is not very high it means only few people or customer are purchasing the orchids it directly effect the quantity supplied. So the decrease in the quantity supplied takes place

As the market price of the orchids is decreases then it is directly proportional to the decrease in the supplying of the quantity. If the price of orchids is increases then the increases in the supplying of quantity. All the other option is incorrect because the given question is asking about the decreases in the price of orchids.