Exhibit 3-6  Milk Market

Exhibit 3-6  Milk market
In Exhibit 3-6, which of the following are the equilibrium price and equilibrium quantity in the milk market?

A) $0.70 per quart and 200 quarts of milk.
B) $0.60 per quart and 100 quarts of milk.
C) $0.50 per quart and 100 quarts of milk.
D) $0.40 per quart and 60 quarts of milk.
E) $0.30 per quart and 20 quarts of milk.