Refer to the Information Provided in Figure 3

Multiple Choice

Refer to the information provided in Figure 3.14 below to answer the question(s) that follow. Figure 3.14
-Refer to Figure 3.14. If this market is unregulated and the price is currently $30, you would expect that the price of sunglasses would

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