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Exhibit 3-6 Milk Market ​

-???In Exhibit 3-6, Which of the Following Is

Question 115

Multiple Choice

Exhibit 3-6 Milk market  Price per Quart  Quantity Demanded  (Quarts per week)   Quantity Supplied  (Quarts per week)  0.70201800.60601400.501001000.40140600.3018020\begin{array} { | c | c | c | } \hline \text { Price per Quart } & \begin{array} { c } \text { Quantity Demanded } \\\text { (Quarts per week) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Quarts per week) }\end{array} \\\hline 0.70 & 20 & 180 \\0.60 & 60 & 140 \\0.50 & 100 & 100 \\0.40 & 140 & 60 \\0.30 & 180 & 20 \\\hline\end{array}

-???In Exhibit 3-6, which of the following is true about the milk market?


A) ?At price 0.60 there is an excess demand of milk.
B) ?At price 0.40 there is an excess supply of milk.
C) ?At price 0.30 there is an excess supply of milk.
D) ?At price 0.50 there is an excess demand of milk.
E) ?At price 0.70 there is an excess supply of milk.

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