Refer to the Information Provided in Figure 3

question 80

Multiple Choice

Refer to the information provided in Figure 3.17 below to answer the questions that follow. Figure 3.17
-Refer to Figure 3.17. If this market is unregulated and the price is currently $90, you would expect that the price of sunglasses would

• A) remain at $90, because firms would not want to reduce the price.
• B) fall to $30, so the firm could sell its excess supply.
• C) fall to $60, where quantity demanded equals quantity supplied.
• D) fall, but the new price is indeterminate from the information provided.

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