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(1) (2) (3) (4) (5) Qd Qd Price Qs 10 40 $ 10 70 80 15 50 9 60 70 20 60 8 50 60

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(1) (2) (3) (4) (5) Qd Qd Price Qs 10 40 $ 10 70 80 15 50 9 60 70 20 60 8 50 60 25 70 17 40 50 30 80 6 30 40 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 Multiple Choice O $6 and 30 units $8 and 20 units O $6 and 20 units. O $7 and 10 units O $7 and 20 units

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