Question

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).

Answer 1

a. P= $1.20

Q= 98 million pounds

b. Zero

c. 160, 114, 122, 130, 138, 146, 154, 162, 170, 178, 186

(add 40 to the initial supply)

d. 18

(122-104)

Step-by-step explanation: