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Question 28 2 pts Suppose that the market for wholesale milk in Utopia is perfectly competitive. The market supply curve is: Qa : 400013, 7
Question 28 2 pts Suppose that the market for wholesale milk in Utopia is perfectly competitive. The market supply curve is: Qa : 400013, 7 4000, for P, 2 1. where Qa is gallons of milk supplied by producers in Utopia when the price received by producers is P, per gallon. The market demand curve is: Q4 : 11Y 000 7 200031, for Pd 5 5.50, where Q; is gallons of milk demanded by buyers in Utopia when the price paid by buyers is Pd per gallon. lfthe government of Utopia imposes a $0.30 tax per gallon of milk traded. what is the net after-tax price received by producers in equilibrium? $2.60 per gallon $2.70 per gallon $2.40 per gallon $2.50 per gallon
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