Table 21 Demand and Supply Data for CD Players -Refer to Table 2

Table 2.1 Demand and Supply Data for CD Players

$$\begin{array} { r r r } \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\$ 100 & 1,000 & 100 \\150 & 900 & 300 \\200 & 800 & 500 \\250 & 600 & 600 \\300 & 300 & 650\end{array}$$
-Refer to Table 2.1. If the price of CD players is $200,

A) there will be a surplus
B) there will be a shortage
C) the market is in equilibrium
D) the supply will increase

Correct Answer:

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