Use the Table Below to Answer the Following Questions

question 103

Multiple Choice

Use the table below to answer the following questions.

-Refer to Table 3.5.1.If the price is set at $80, there will be a

• A)surplus of 200 units and demand will rise.
• B)shortage of 200 units and price will rise.
• C)surplus of 200 units and price will fall.
• D)surplus of 200 units and supply will fall.
• E)shortage of 200 units and demand will fall.