Question: 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.
Draw a graph to illustrate the North American wholesale market for roses. Show the equilibrium in that market with no international trade and the equilibrium with free trade. Mark the quantity of roses grown in North America, the quantity imported, and the total quantity bought.