Refer to the information provided in Figure 3.14 below to answer the question(s) that follow.
Figure 3.14Refer to Figure 3.14. If this market is unregulated and the price is currently $90, you would expect that the price of sunglasses would
A. fall to $60, where quantity demanded equals quantity supplied.
B. fall to $30, so firms could sell their excess supply.
C. remain at $90, because firms would not want to reduce the price.
D. fall, but the new price is indeterminate from the information provided.
Answer: A
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