(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040Refer to the above table. Suppose that demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5). If the price were artificially set at $9:
A. a surplus of 20 units would occur.
B. the market would clear.
C. a shortage of 20 units would occur.
D. demand would change from columns (3) and (2) to columns (3) and (1).
Answer: A
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