Refer to the table below. Suppose the columns in this table reflect demand and supply. At a price of $50:Price PerUnitColumn A UnitsPer YearColumn B UnitsPer Year$2010040$309550$408060$506570$605080

A. there will be an excess supply of 70 units.
B. there will be an excess demand of 5 units.
C. there will be an excess supply of 5 units.
D. the market will be in equilibrium.


Answer: C

Economics

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