Macroeconomics 12th Edition by Michael Parkin

Exercise 2

Use the following information to work the Problem.
Wholesalers of roses (the firms that supply your local flower shop with roses for Valentine's Day) buy and sell roses in containers that hold 120 stems. The table provides information about the wholesale market for roses in the United States. The demand schedule is the wholesalers' demand and the supply schedule is the U.S. rose growers' supply.
Wholesalers can buy roses at auction in Aalsmeer, Holland, for $125 per container.
If U.S. wholesalers buy roses at the lowest possible price, how many do they buy from U.S. growers and how many do they import