-The figure above shows the market for milk. The ________ price that producers must be offered to get them to produce 100 gallons of milk per day is ________.

Question

Quizplus · Accepted Answer

The minimum price that producers must be offered to get them to produce 100 gallons of milk per day is $2.50. This is because the supply curve shows the minimum price that producers are willing to accept for each quantity of milk they produce. At a price of $2.50, producers are willing to produce 100 gallons of milk per day.

-The Figure Above Shows the Market for Milk