Multiple Choice
Use the table below to answer the following questions.
Table 6.4.1
-Refer to Table 6.4.1.The table shows the demand and supply schedules for rice.The market for rice is in equilibrium.With a subsidy of $0.30 a box,the price of a box of rice is ________,the marginal cost of producing rice is ________ a box,and the quantity of rice produced is ________ boxes.
A) $1.40;$1.40;2,500
B) $1.20;$1.50;2,500
C) $1.20;$1.50;3,000
D) $1.50;$1.20;3,000
E) $1.50;$1.20;2,500
Correct Answer:

Verified
Correct Answer:
Verified
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