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45 (1) (2) (3) (4) (5) Qd Qd Price Qs Qs 50 40 $ 10 70 80 60 50 9 60 70 80 60 8

45 (1) (2) (3) (4) (5) Qd Qd Price Qs Qs 50 40 $ 10 70 80 60 50 9 60 70 80 60 8 50 60 90 70 7 40 50 100 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 $10 and 60 units. $9 and 60 units. $8 and 80 units. $8 and 60 units

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