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Price 100 90 80 70 60 50 40 30 20 10 0 Demand and Supply for Sunglasses 10 20 30 40 50 60 70 80

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Price 100 90 80 70 60 50 40 30 20 10 0 Demand and Supply for Sunglasses 10 20 30 40 50 60 70 80 90 100 Quantity Refer to the figure above. At a price of $70, which of the following is true? Select one; OA OB OF OP. The quantity demanded equals the quantity supplied. The quantity supplied exceeds the quantity demanded. The quantity demanded exceeds the quantity supplied. There is a shortage of the sunglasses

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