Graph Must be Used to Answer astions 7-10 Supply S80 Price 40 20 1 Dernand 0 50 200 100 150 Quantity 7. Refer to the above diagram. A price of $60 in this market will result in A equilibrium B. a shortage of 50 units. C. a surplus of 50 units D.a surplus of 100 units. 8. Refer to the above dingrum. A price of $20 in this market will result in: A. a shortage of 50 units. B. a surplus of 50 units C. e surplus of 100 units. D. a shortage of 100 units. 9. Refer to the above diagram. The highest price that buyers will be willing and able to pay for 100 units of this product is: A. $30, B. 560 C. $40. D. $20