Multiple Choice
Refer to the above diagram for the milk market. In this market, the equilibrium price is ____ and equilibrium quantity is ___.
A) $1.50 per gallon; 28 million gallons
B) $1.50 per gallon; 30 million gallons
C) $28 per gallon; 150 million gallons
D) $1.00 per gallon; 35 million gallons
Correct Answer:
Verified
Related Questions