Refer to the table. If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4) , equilibrium price and quantity will be
A) $7 and 40 units.
B) $8 and 60 units.
C) $7 and 50 units.
D) $9 and 60 units.
E) $7 and 30 units.
Correct Answer:
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