Figure: The Market for Milk
(Figure: The Market for Milk) Look at the figure The Market for Milk.If there were a binding price floor in the market for milk, the price could be equal to , consumers would
demand ________, and producers would supply _.
A.P₁; Q₁; Q₃
B.P₂; Q₂; Q₂
C.P₁; Q₃; Q₁
D.P₃; Q₃; Q₁

Question

Figure: The Market for Milk
  (Figure: The Market for Milk) Look at the figure The Market for Milk.If there were a binding price floor in the market for milk, the price could be equal to , consumers would
demand ________, and producers would supply _. 
A.P₁; Q₁; Q₃
B.P₂; Q₂; Q₂
C.P₁; Q₃; Q₁
D.P₃; Q₃; Q₁

Quizplus · Accepted Answer

The Answer of Figure: The Market for Milk
  (Figure: The Market for Milk) Look at the figure The Market for Milk.If there were a binding price floor in the market for milk, the price could be equal to , consumers would
demand ________, and producers would supply _. 
A.P₁; Q₁; Q₃
B.P₂; Q₂; Q₂
C.P₁; Q₃; Q₁
D.P₃; Q₃; Q₁

Figure: the Market for Milk