Refer to the given table. Suppose the columns in this table reflect demand and supply. At a price of $50:Price Per UnitColumn A Units Per YearColumn B Units Per Year$2010040$309550$408060$506570$605080
A. the market will be in equilibrium.
B. there will be an excess supply of 5 units.
C. there will be an excess demand of 5 units.
D. there will be an excess supply of 70 units.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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