LO3 (Ch3) Online Quiz Saved 28 Refer to the diagram. A price of $2 00 in this market will result In: points $2.00 60-11:22 Price (per litre) 1,60 1.0 0 X :Book 0 20 2728 30 35 Millions of litres of milk per week Multiple Choice O a surplus of 10 million litres of milk per week. O a shortage of 8 million litres of milk per week. 3 surplus of a million litres of milk per week. O a shortage of 10 million litres of milk per week.LO3 (Ch3) Online Quiz O 29 Refer to the diagram. A price of $60 In this market will result In: Supply $60 1 points 40 Price 2 00:11:00 20 Demand -Book 50 100 150 200 Quantity Multiple Choice 3 surplus of 50 units. O equilibrium. O a shortage of 50 units. unluc of 100 uniteLO3 (Ch3) Online Quiz O SaVEE Refer to the graph below. The graph shows the market for a good. 30 1 points Price 00-10:38 Quantity =Book Identify a correct statement about the market. Multiple Choice The new market equilibrium price and quantity are both greater than the original market equilibrium price and quantity. O Point M Is the new market equilibrium. O An Increase in the supply of the good is more than the Increase In the demand for the good. O The market equilibrium has shifted from point /to point K