Refer to the Information Provided in Figure 3

Multiple Choice

Refer to the information provided in Figure 3.17 below to answer the questions that follow. Figure 3.17
-Refer to Figure 3.17. If this market is unregulated and the price is currently $90, you would expect that the price of sunglasses would

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