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.

10. Market equilibrium The following table shows the monthly demand and supply in the market for shoes in San Francisco. Price Quantity Demanded Quantity Supplied (Dollars per pair of shoes) (Pairs of shoes) (Pairs of shoes) 20 1,650 300 40 1,200 750 60 600 1,050 80 300 1,350 100 150 1,500 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand 80 Supply 60 Equilibrium 40 20 300 600 900 1200 1500 1800 QUANTITY (Pairs of shoes) PRICE (Dollars per pair of shoes)

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Question 4 of 12 Attempt 5 Use the graph to show how an increase in the price of organic onions would shift the demand curve, supply curve, or both curves in the market for tomatoes. Assume that, to consumers, onions and tomatoes are neither complements nor substitutes. Market for Tomatoes 10 Supply 6 4. 3. Demand 10 12 14 16 18 20 Quantity (Ibs) a. 939 PM 64°F 10/13/2021 Price ($)