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The diagram shows a graph that plots price in the vertical axis versus quantity in the horizontal axis. The graph shows a supply curve and

The diagram shows a graph that plots price in the vertical axis versus quantity in the horizontal axis. The graph shows a supply curve and a demand cuThe horizontal axis labeled quantity ranges from 0 to 200 in increments of 50. The vertical axis labeled price ranges from $ 0 to $ 60 in increments of $ 20. The supply curve is a rising curve that passes through the points (100, $ 20), (150, $ 40), and ends at the point (200, $ 60). The demand curve is a falling curve that passes through the points (100, $ 60), (150, $ 40), and ends at the point (200, $ 20). Refer to the diagram. If this is a competitive market, price and quantity will move toward Multiple Choice $60 and 100, respectively. $60 and 200, respectively. $40 and 150, respectively. $20 and 150, respectively

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