The figure depicts the market for milk in Sydney, Montana. Suppose the government imposes a price floor
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The figure depicts the market for milk in Sydney, Montana. Suppose the government imposes a price floor on milk of $900 per unit. At this price floor, the quantity of milk sold will be_______ units per month and consumer surplus will be________ per month.
a. 40; $12,000
b. 90; $27,000
c. 60; $36,000
d. 40; $36,000
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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