Ask your own question, for FREE!
Mathematics 17 Online
OpenStudy (anonymous):

Draw a hypothetical supply curve for long-stem roses on Valentine’s Day. Label your graph completely. What would this look like? Thanks!! :)

OpenStudy (ikram002p):

haha sure lol :P sounds romantic let me see what i can do

OpenStudy (anonymous):

haha okay thank you!! :)

OpenStudy (ikram002p):

ok im back , supply for long-stem roses on Valentine’s Day would rise , more than its usual supply , im i right ?

OpenStudy (anonymous):

yes:)

OpenStudy (ikram002p):

in its normal sales let it be like this :- |dw:1414344004659:dw|

ganeshie8 (ganeshie8):

demand rises for sure

OpenStudy (anonymous):

okay :)

OpenStudy (anonymous):

wait so would demand rise, but supply stay constant? Or would it be like demand rises and supply rises too because of the increased demand?

ganeshie8 (ganeshie8):

since valentines day is not a natural disaster or some other unexpected event, supply will also rise artificially since suppliers will be prepared

ganeshie8 (ganeshie8):

not so sure though lol im not expert in economics

OpenStudy (anonymous):

ahh haha okay thanks @ganeshie8 :)

OpenStudy (ikram002p):

oh , will demands will rise , but supply is static ( they cant bring roses from mars ) |dw:1414344222508:dw|

OpenStudy (ikram002p):

why draw tools button not work well ?

OpenStudy (anonymous):

ahh haha okay and not sure! OS is laggy sometimes :( oh so those are the curves right?

OpenStudy (ikram002p):

any way this is what happen :- 1- demands high 2- supply curve shift right ( since more roses been sails at each price )

ganeshie8 (ganeshie8):

that makes sense

OpenStudy (ikram002p):

hahaha will they say curve about it , that does not mean its curve shape , curve related to the relation btw demands and sales

OpenStudy (anonymous):

ahh okay:) so how would i label it? :O

OpenStudy (ikram002p):

explain what u did , and why u shifted it in words not in mathematics language xD

OpenStudy (anonymous):

okay... so would it be like this? |dw:1414344916005:dw| ?

OpenStudy (ikram002p):

yeah sounds good :)

OpenStudy (anonymous):

yay! and so does the supply of roses increase? Or does it just stay constant? or would it increase because sellers are prepared because of valentines day?

OpenStudy (ikram002p):

say those two points as well http://prntscr.com/4zzaed

OpenStudy (anonymous):

okay!! :)

OpenStudy (ikram002p):

well its constant , why ? 1- supply dont rise with changing of sails or demands 2- supply only change with respect to production operation

OpenStudy (anonymous):

ahh okay, thank you so much!! :D so i was wondering, how would you graph it to show that the supply is constant? :/

OpenStudy (ikram002p):

like for example , supply would rise if the had hmm such good water xD

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!