Suppose the supply and demand tables shown reflect the supply and demand for milk per week. What is the equilibrium price and quantity of milk?
A) $1 per gallon and 2,000 gallons per week
B) $2 per gallon and 1,500 gallons per week
C) $3 per gallon and 2,000 gallons per week
D) $4 per gallon and 2,000 gallons per week
Correct Answer:
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