Understanding Surplus and Shortage in the Milk Market
School
University of Texas, Dallas**We aren't endorsed by this school
Course
ECON 3311
Subject
Economics
Date
Dec 10, 2024
Pages
1
Uploaded by ChefGazelle4811
$1.50 $1.00 Price (per gallon) 27 2830 35 Millions of Gallons of Milk Per Week 0 20 Refer to the above diagram for the milk market. If the price were $2.00 per gallon, then there would be a: Muitipie Cholce Surplus of 8 milion gallons O Surpius of 10 million galions O Shortage of 10 million galions & Shortage of 8 million galions
