1. 20 96 1.30 93 104 1.40 90 112 1.50 87 120 1.60 84 128 2 1.70 81 136 points 1.80 78 144 Instructions: Round your answer for price to two decimal places. Enter your answers for quantity as a whole number. a. What are the equilibrium price and quantity in the wholesale butter market? eBook P = $ References Q = million pounds b. What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program? O 79 million pounds O 22 million pounds 11 million pounds O zeroSuppose that a decrease in the cost of feeding cows shifts the supply schedule to the right by 40 million pounds at every price. c. Fill in the new supply schedule given the change in the cost of feeding cows. Market for Wholesale Butter Quantity of jhkaiyl Butter Quantity of Demanded | Butter Supplied New Quantity of Butter Price (dollars @ (millions of (millions of Supplied (millions of per pound) pounds) pounds) pounds) %0.50 d. Given the new supply of butter, what is the monthly surplus of butter created by the price support program? [ ]million pounds