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Figure: Price and Quantity 1 Use the following to answer questions: Figure: Price and Quantity 1   -(Figure: Price and Quantity 1)  In the diagram, at a price of $80, the quantity demanded is ______, the quantity supplied is ______, and there is ______. A)  20; 80; a surplus of 60 units B)  80; 20, a surplus of 60 units C)  80; 20, a shortage of 60 units D)  20; 20; no surplus or shortage
-(Figure: Price and Quantity 1) In the diagram, at a price of $80, the quantity demanded is ______, the quantity supplied is ______, and there is ______.


A) 20; 80; a surplus of 60 units
B) 80; 20, a surplus of 60 units
C) 80; 20, a shortage of 60 units
D) 20; 20; no surplus or shortage

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