The table given below shows the quantity supplied and the quantity demanded for a good at different prices. If the price of the good described in the table below is $1.60, then an economist would expect the:
Table 4.1

A) price to decrease to $1.40.
B) price to decrease to $1.50.
C) quantity supplied to decrease to 50 units.
D) quantity demanded to increase to 80 units.
E) quantity demanded to decrease to 50 units.
Correct Answer:
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