Refer to the figure above. Assume that column A and column B are the initial demand and supply curves. At a price of $50, the market would experience:

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Refer to the figure above. Assume that column A and column B are the initial demand and supply curves. At a price of $50, the market would experience:

A.excess demand of 5 units.

B.an equilibrium.

C.excess supply of 70 units.

D.excess supply of 5 units.

正确答案:excess supply of 5 units.

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