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Refer to the Above Diagram for the Milk Market

Question 281

Multiple Choice

  Refer to the above diagram for the milk market. If the price were $2 per gallon, then there would be a A)  shortage of 20 million gallons. B)  shortage of 10 million gallons. C)  surplus of 10 million gallons. D)  surplus of 30 million gallons. Refer to the above diagram for the milk market. If the price were $2 per gallon, then there would be a


A) shortage of 20 million gallons.
B) shortage of 10 million gallons.
C) surplus of 10 million gallons.
D) surplus of 30 million gallons.

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