Refer to the Above Table

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price Per } \\\text { Unit }\end{array} & \text{Quantity Demanded Per Year}&\text{Quantity Supplied Per Year} \\\hline \$ 5 & 2,000 & 0 \\\hline 10 & 1,800 & 300 \\\hline 15 & 1,600 & 600 \\\hline 20 & 1,400 & 900 \\\hline 25 & 1,200 & 1,200 \\\hline 30 & 1,000 & 1,500 \\\hline\end{array}$$ Refer to the above table. In this competitive market, the price and quantity will settle at

A) $10 and 2,000 units.
B) $15 and 1,600 units.
C) $20 and 900 units.
D) $25 and 1,200 units.

Correct Answer:

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