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Refer to the Above Diagram for the Milk Market

Question 69

Multiple Choice

Refer to the above diagram for the milk market. There would be a shortage of milk whenever the price is: A) Higher than $1.50 per gallon B) Higher than $2.00 per gallon C) Lower than $1.50 per gallon D) Lower than $2.00 per gallon Refer to the above diagram for the milk market. There would be a shortage of milk whenever the price is:


A) Higher than $1.50 per gallon
B) Higher than $2.00 per gallon
C) Lower than $1.50 per gallon
D) Lower than $2.00 per gallon

Correct Answer:

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