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Please refer to the following diagram describing the market for textbooks. At a price of $50: Price $70 $60 $50 $40 $30 $20 $10 D

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Please refer to the following diagram describing the market for textbooks. At a price of $50: Price $70 $60 $50 $40 $30 $20 $10 D SO 10 20 30 40 50 60 70 Quantity O A shortage of textbooks would develop. O A surplus of textbooks would develop O Producers would not make any textbooks. O The market would clear

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