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Refer to the Given Table Suppose the Columns in This Table Reflect Demand and Supply

Question 107

Multiple Choice

Refer to the given table.  Price Per Unit  Columu A Units Per Year  Colum B Units Per Year $4011040$459550$508060$556570$605080\begin{array} { | r | r | r | } \hline \text { Price Per Unit } & \text { Columu A Units Per Year } & \text { Colum B Units Per Year } \\\hline \$ 40 & 110 & 40 \\\hline \$ 45 & 95 & 50 \\\hline \$ 50 & 80 & 60 \\\hline \$ 55 & 65 & 70 \\\hline \$ 60 & 50 & \mathbf { 8 0 } \\\hline\end{array}  
Suppose the columns in this table reflect demand and supply. If the current market price is $50, then you would expect:


A) the market price to fall.
B) the market price to rise.
C) demand to decrease and supply to decrease.
D) supply to decrease.

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