The following graph shows the market for milk. Suppose the government introduces a variety of policies that set floor prices for milk at $3. Considering government expenditures on surplus milk but ignoring storage costs, the consumers pay _____ per gallon for the quantity purchased at the support price.
Figure 16.1

Question

The following graph shows the market for milk. Suppose the government introduces a variety of policies that set floor prices for milk at $3. Considering government expenditures on surplus milk but ignoring storage costs, the consumers pay _____ per gallon for the quantity purchased at the support price.​ ​
Figure 16.1
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Quizplus · Accepted Answer

The Answer of The following graph shows the market for milk. Suppose the government introduces a variety of policies that set floor prices for milk at $3. Considering government expenditures on surplus milk but ignoring storage costs, the consumers pay _____ per gallon for the quantity purchased at the support price.​ ​
Figure 16.1
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The Following Graph Shows the Market for Milk