Use Table: Supply and Demand Schedule for Walking Tours. What is the new equilibrium price and quantity in this market if at every price 30 fewer walking tours are demanded?
A) Price is $30, and quantity is 40.
B) Price is $20, and quantity is 50.
C) Price is $60, and quantity is 40.
D) Price is $10, and quantity is 30.
Correct Answer:
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