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Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen

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Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a

a. surplus to exist and the market price of roses to decrease.

b. shortage to exist and the market price of roses to increase.

c. shortage to exist and the market price of roses to decrease.

d. surplus to exist and the market price of roses to increase.

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