(a) In equilibrium what is the price, quantity, and total revenue received by milk producers? price quantity: Total revenue (B) Suppose that the government Imposes a production quota of 75 hectolitresWhat will be the new price, quantity, and total revenue received by milk producers ? New price New quantity New total revenue

LAB - CH 03 Saved 3 Graph below depicts the market for industrial milk. Price per hectolitre ($) 10 70 D points 60 eBook Print 50 References 40 30 20 10 65 70 75 80 85 90 95 Quantity per period (in hectolitres)