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QUESTION 5 Table: Market for Milk 2D $1.20 12.0 1.10 .5 11.0 1.00 10.0 10.0 0.90 10.5 .0 0.80 11.0 .0 Note: P = price

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QUESTION 5 Table: Market for Milk 2D $1.20 12.0 1.10 .5 11.0 1.00 10.0 10.0 0.90 10.5 .0 0.80 11.0 .0 Note: P = price per gallon of milk in dollars QD = Quantity demanded in gallons per week Qs = Quantity supplied in gallons per week The above table depicts the market for milk. If the government imposes a price floor of $0.90 per gallon of milk to support dairy farmers, the quantity of milk actually purchased will be gallons per week. 10 10.5 9.5 09

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