Refer to the Given Table A)the Market Will Be in Equilibrium

question 72

Multiple Choice

Refer to the given table. Suppose the columns in this table reflect demand and supply. At a price of $50: $$\begin{array} { | r | r | r | } \hline \text { Price Per Unit } & \text { Columu A Units Per Year } & \text { Colum B Units Per Year } \\\hline \$ 20 & 100 & 40 \\\hline \$ 30 & 95 & 50 \\\hline \$ 40 & 80 & 60 \\\hline \$ 50 & 65 & 70 \\\hline \$ 60 & 50 & \mathbf { 8 0 } \\\hline\end{array}$$  

• A)the market will be in equilibrium.
• B)there will be an excess demand of 5 units.
• C)there will be an excess supply of 70 units.
• D)there will be an excess supply of 5 units.

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