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Price ($) Quantity demanded of radios Quantity supplied of radios 75 400 800 70 450 750 65 500 700 60 550 650 55 600 600

Price ($) Quantity demanded of radios Quantity supplied of radios
75 400 800
70 450 750
65 500 700
60 550 650
55 600 600
50 650 550
45 700 500
40 750 450

In Exhibit 3.5, if there is a surplus of radios of 300 units, the current price of radios must be:

Select one:

a.$70.

b.$45.

c.$60.

d.$55.

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