Refer to the above diagram for the milk market. If the price were $2.00 per gallon, then there would be O a surplus of 30 million gallons. a shortage of 20 million gallons. O a surplus of 10 million gallons. O a shortage of 10 million gallons.

The island nation of Coconutistan recently suffered an unfortunate accident which took its water treatment plant offline, leaving residents without clean water in their homes. The plant for bottling water was unaffected by the accident. The graph shows the supply and demand for bottled water before the accident. Assume that $6 is the maximum price for a case of bottled water according to the price gouging laws on the island. Shift one or more curves to show the effect of the accident on the market for bottled  water. Price ($)Quantity of bottled water by the case01002003004005006007008009001,000012345678910SupplyDemandPrice ceiling What is the amount of the shortage after the accident? shortage:

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Multiple Choice O O O D2 to D1 D3 to D1 Point b to point A Point a to point b