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2. If the Price of a Rose Is 9 Describe the Situation in the Rose Market. Explain How the Price Adjusts. If the Price of a Rose Is 9

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2. If the price of a rose is 9 describe the situation in the rose market. Explain how the price adjusts. If the price of a rose is 9 there is a __ of roses and the price of a rose __ A. shortage; falls B. surplus; falls C. surplus; rises D. shortage; rises

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To determine the situation in the rose market when the price of a rose is 9, there is a surplus of roses and the price of a rose falls.Explanation:- When the price of a rose is $9, it is likely that the quantity supplied of roses exceeds the quantity demanded by consumers. This creates a surplus of roses in the market.- In response to the surplus, sellers will lower the price of roses in order to clear the excess inventory and meet the demand. As a result, the price of a rose falls.Therefore, the correct answer is B. surplus; falls.