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The quantity demanded of a product is given by Qp = 400-10P, when P is the price in dollars. Supply of the product is

The quantity demanded of a product is given by Qp = 400-10P, when P is the price in dollars. Supply of the

The quantity demanded of a product is given by Qp = 400-10P, when P is the price in dollars. Supply of the product is fixed at 100 units. If the price is $20, what will be the position in the market? A It will be in disequilibrium with excess demand of 100 units. B It will be in disequilibrium with excess supply of 100 units. C It will be in equilibrium with 100 units traded. D It will be in equilibrium with 200 units traded.

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