Multiple Choice

-Refer to the information above to answer this question.All of the following statements except one are correct.Which is the exception?
A) The equilibrium price and quantity are $10 and 70.
B) At a price of $7,there is a surplus of 60.
C) At a price of $11,there is a surplus of 20.
D) At a price of $9,there is a shortage of 20.
Correct Answer:
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