The Following Data Shows the Market for Soccer Balls

question 34

Multiple Choice

The following data shows the market for soccer balls:

-Refer to the above information to answer this question.Assume that initially the market is in equilibrium,and the demand increases by 20 units while the supply decreases by 10 units.What will be the new equilibrium price and quantity?

• A)$30 and 70.
• B)$30 and 90.
• C)$40 and 90.
• D)$50 and 90.
• E)$60 and 100.

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