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Refer to the above diagram for the milk market. In this market, the equilibrium price is ____ and equilibrium quantity is ___.

Question 1 options:

A) $1.50 per gallon; 28 million gallons
B) $1.50 per gallon; 30 million gallons
C) $1.00 per gallon; 35 million gallons
D) $28 per gallon; 150 million gallons

1 Answer

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Best answer
A) $1.50 per gallon; 28 million gallons
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