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Exhibit 3-6 Milk Market ​

-? in Exhibit 3-6, Which of the Following

Question 277

Multiple Choice

Exhibit 3-6 Milk market  Price per Quart  Quantity Demanded  (Quarts per week)   Quantity Supplied  (Quarts per week)  0.70201800.60601400.501001000.40140600.3018020\begin{array} { | c | c | c | } \hline \text { Price per Quart } & \begin{array} { c } \text { Quantity Demanded } \\\text { (Quarts per week) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Quarts per week) }\end{array} \\\hline 0.70 & 20 & 180 \\0.60 & 60 & 140 \\0.50 & 100 & 100 \\0.40 & 140 & 60 \\0.30 & 180 & 20 \\\hline\end{array}

-? In Exhibit 3-6, which of the following are the equilibrium price and equilibrium quantity in the milk market?


A) ?$0.70 per quart and 200 quarts of milk.
B) ?$0.60 per quart and 100 quarts of milk.
C) ?$0.50 per quart and 100 quarts of milk.
D) ?$0.40 per quart and 60 quarts of milk.
E) ?$0.30 per quart and 20 quarts of milk.

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