Multiple Choice
Exhibit 3-6 Milk market
-???In Exhibit 3-6, which of the following is true about the milk market?
A) ?At price 0.60 there is an excess demand of milk.
B) ?At price 0.40 there is an excess supply of milk.
C) ?At price 0.30 there is an excess supply of milk.
D) ?At price 0.50 there is an excess demand of milk.
E) ?At price 0.70 there is an excess supply of milk.
Correct Answer:
Verified
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