Q7 Refer to the accompanying figure. Suppose all the sellers in this market started out charging a price of $45 per unit. What is the most likely result? 60 50 40 Price ($) D O 0 5 10 15 20 25 30 35 40 Quantity Select one: O a. They would all make a large profit because $45 is more than the equilibrium price. O b. They would all just break even because $45 is their reservation price. O c. They would lower their prices because at $45 there would be excess supply. O d. They would lower their prices because at $45 there would be excess demand