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Use the following graph of the market for milk to answer the question below. MC 2.00 1.50 Price (dollars per gallon) 1.00 MB 20 26
Use the following graph of the market for milk to answer the question below. MC 2.00 1.50 Price (dollars per gallon) 1.00 MB 20 26 28 30 36 Quantity (millions of gallons) In this market, the equilibrium price is and equilibrium quantity is Multiple Choice $150 per gallon: 28 million gallons $1.50 per gallon: 30 million gallons $28 per gallon: 150 million gallons O $100 per gallon: 36 million gallons
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