Table 3-1 -Refer to Table 3-1

question 52

Multiple Choice

Table 3-1
$$\begin{array} { | l | l | l | } \hline & \text { QUANITY } & \text { QUANTITY } \\\hline & \text { DEMANDED } & \text { SUPPLID } \\\hline \text { PRICE } & \text { (units per week) } & \text { (units per week) } \\\hline \text { R100 } & 1000 & 100 \\\hline \text { R150 } & 900 & 300 \\\hline \text { R200 } & 800 & 500 \\\hline \text { R250 } & 600 & 600 \\\hline \text { R300 } & 300 & 650 \\\hline\end{array}$$
-Refer to Table 3-1. Given this data, if the price of CD players is R200,

• A) there will be a surplus.
• B) there will be a shortage.
• C) the market is in equilibrium.
• D) the supply will increase.

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