Question

Dani sells roses in a competitive market where the price of a rose is $7. Use this information to fill out the missing entries as indicated by letters X, Y, and Z. Quantity supplied is greater than quantity demanded. Equilibrium price is $7. There is a shortage in the market.

Answer 1

Dani sells roses in a competitive market where there is a shortage due to quantity supplied being greater than quantity demanded.

Step-by-step explanation:

In this scenario, Dani sells roses in a competitive market where the price of a rose is $7. Quantity supplied is greater than quantity demanded, resulting in a shortage in the market.

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