Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 26 Oct 2017 My Price 5.00

demand and the supply schedule

Wholesalers buy and sell roses in containers that hold 120 stems. The table provides information about the wholesale market for roses in North America. The demand schedule is the wholesalers’ demand and the supply schedule is the North American rose growers’ supply

Wholesalers can buy roses at auction in Aalsmeer, Holland, for $125 per container.

a. With no international trade, what would be the price of a container of roses and how many containers of roses a year would be bought and sold in North America?

b. At the price in your answer to part (a), does North America or the rest of the world have a comparative advantage in producing roses?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 11:10 AM My Price 5.00

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