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Refer to the Above Diagram for the Milk Market

Question 286

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 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:

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