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Question 166

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Use the following to answer question:
Figure: The Market for Milk Use the following to answer question: Figure: The Market for Milk -(Figure: The Market for Milk) Look at the figure The Market for Milk. With a binding price floor, the price could be equal to _____, consumers would demand _____, and producers would supply _____. A) P<sub>1</sub>; Q<sub>1</sub>; Q<sub>3</sub> B) P<sub>2</sub>; Q<sub>2</sub>; Q<sub>2</sub> C) P<sub>1</sub>; Q<sub>3</sub>; Q<sub>1</sub> D) P<sub>3</sub>; Q<sub>3</sub>; Q<sub>1</sub>
-(Figure: The Market for Milk) Look at the figure The Market for Milk. With a binding price floor, the price could be equal to _____, consumers would demand _____, and producers would supply _____.


A) P1; Q1; Q3
B) P2; Q2; Q2
C) P1; Q3; Q1
D) P3; Q3; Q1

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