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Exhibit 3-6 Milk Market in Exhibit 3-6, Which of the Following

Question 261

Multiple Choice

Exhibit 3-6 Milk market Exhibit 3-6 Milk market In Exhibit 3-6, which of the following is true about the milk market? A) At price 0.60 there is an excess demand of milk. B) At price 0.40 there is an excess supply of milk. C) At price 0.30 there is an excess supply of milk. D) At price 0.50 there is an excess demand of milk. E) At price 0.70 there is an excess supply of milk. In Exhibit 3-6, which of the following is true about the milk market?

A) At price 0.60 there is an excess demand of milk.
B) At price 0.40 there is an excess supply of milk.
C) At price 0.30 there is an excess supply of milk.
D) At price 0.50 there is an excess demand of milk.
E) At price 0.70 there is an excess supply of milk.

Correct Answer: