Consider the following table of demand and supply for coffee. If the current price is $1, which of the statements is true? Price Quantity Quality Demanded Supplied 0.40 ' 2000 ' 1200 0.60 1800 1400 0.80 1600 1600 1.00 1400 1800 120 1200 2000 150 1000 2200 Select one: Q a. There is an excess supply of $0.20 0 b. There is an excess supply of 200 coffees O c. There is an excess supply of 400 coffees Q d. The market is in equilibrium 0 e. There is an excess demand of 400 coffees A