Exhibit 3-6 Milk market Price per Quart Quantity Demanded (Quarts per week) Quantity Supplied (Quarts per week) 0.70 20 180 0.60 60 140 0.50 100 100 0.40 140 60 0.30 180 20 25. 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. $0.30 per quart and 20 quarts of milk. e.
Exhibit 3-6 Milk market Price per Quart Quantity Demanded (Quarts per week) Quantity Supplied (Quarts per week) 0.70 20 180 0.60 60 140 0.50 100 100 0.40 140 60 0.30 180 20 25. 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. $0.30 per quart and 20 quarts of milk. e.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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