The Following Data Show the Supply and Demand Schedules for a Product

The following data show the supply and demand schedules for a product. The government now introduces a subsidy payment to producers of $30 per unit. Assuming a purely competitive market for the product, the new equilibrium price will be between

A) $40 and $50.
B) $50 and $60.
C) $60 and $70.
D) $70 and $80.