hannahhh3128 hannahhh3128
  • 20-07-2022
  • SAT
contestada

Refer to the above diagram for the milk market. If the price were $2.00 per gallon, then there would be

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Parrain
Parrain Parrain
  • 25-07-2022

Based on the given graph, when the price of milk is $2.00 per gallon then there would be a surplus of 10 million gallons.

What happens when the price is $2.00 per gallon?

At the price of $2.00, the supply is 30 million gallons.

The demand at that price is 20 million gallons.

The surplus is:

= Supply - demand

= 30 - 20

= 10 million gallons

Find out more on surplus supply at https://brainly.com/question/1483399

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