Question 1 of 2

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You must read each slide, and complete any questions on the slide, in sequence.

Consider the following supply and demand table for milk.

Which of the following choices accurately depicts the supply and demand curves for this market?

Given the information in the table, the equilibrium price and quantity in this market would be:

50 gallons of milk at $6 per gallon of milk.

70 gallons of milk at $4 per gallon of milk.

110 gallons of milk at $2 per gallon of milk.

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