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

question 82

Multiple Choice

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

• A)the market will be in equilibrium.
• B)there will be an excess demand of 95 units.
• C)there will be an excess supply of 45 units.
• D)there will be an excess demand of 45 units.

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Definitions:

Prospective

Relating to or effective in the future, often used in context with financial statements or models that forecast future performance.

Tax Savings

Tax savings refer to the reduction in tax liability achieved through allowable deductions, credits, or other legal means.

Depreciation Expense

The orderly distribution of a tangible asset's value over the time it is expected to be used.

Tax Rate

The rate at which income or profits of a person or company are subject to taxation.