The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound for butter they supply to the market. Below is the current monthly demand and supply schedules for wholesale butter (in millions of pounds per month). Market for Wholesale Butter Price (dollars per pound) Quantity of Quantity of Butter Demanded Butter Supplied (millions of (millions of pounds) pounds) $0.80 112 68 0.90 109 76 1.00 1061 84 1.10 103 92 1.20 100 100 1.30 97 108 1.40 94 116. 1.50 91 124 1.60 88 132 1.70 85 140 1.80 82 148 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? P=S million pounds