Suppose the given supply and demand tables reflect the supply and demand for milk per week. At a price of $1, there is a: $$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Price } \
\text { (per gallm) }
\end{array} & \begin{array} { c }
\text { Quantity demanded (gallons per } \
\text { week) }
\end{array} & \begin{array} { c }
\text { Quantity Supplied (gallms per } \
\text { week) }
\end{array} \
\hline \$ 1 & 2,000 & 1,000 \
\hline \$ 2 & 1,500 & 1,500 \
\hline \$ 3 & 1,000 & 2,000 \
\hline \$ 4 & 500 & 2,500 \
\hline
\end{array}$$

Question

Suppose the given supply and demand tables reflect the supply and demand for milk per week. At a price of $1, there is a: $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Price } \
\text { (per gallm) }
\end{array} & \begin{array} { c } 
\text { Quantity demanded (gallons per } \
\text { week) }
\end{array} & \begin{array} { c } 
\text { Quantity Supplied (gallms per } \
\text { week) }
\end{array} \
\hline \$ 1 & 2,000 & 1,000 \
\hline \$ 2 & 1,500 & 1,500 \
\hline \$ 3 & 1,000 & 2,000 \
\hline \$ 4 & 500 & 2,500 \
\hline
\end{array}$$

Quizplus · Accepted Answer

At a price of $1, the quantity demanded is 2,000 gallons per week, and the quantity supplied is 1,000 gallons per week, resulting in a shortage of 1,000 gallons per week.

Suppose the Given Supply and Demand Tables Reflect the Supply