please answer the following multiple choice

34 The equilibrium price on the market for bonds is $1100, and the equilibrium quantity is 1 4 million. If the current price of a bond is $1130, then: Select one OA there is an excess supply of bonds, and the interest rate will increase O B there is an excess demand for bonds, and the interest rate will decrease OC there is an excess demand for bonds, and the interest rate will increase. OD there is an excess supply of bonds, and the interest rate will decrease. nsure Prev Page 25 26 27 28 29 30 31 32 33 34 Next Page Finish a Il Proctono is sharing your screen. Stop sharing Hide W