Question: Consider the table below. If the observed price the good is $15, what you expect will happen to price? Price Quantity Demanded Quantity Supplied $15

Consider the table below. If the observed price the good is $15, what you expect will happen to price? Price Quantity Demanded Quantity Supplied $15 40 80 $12 50 70 $10 50 60 $7 70 50 $6 80 40 $3 90 30 O the price will fall O the price will remain in equilibrium the price will rise O the price will alternately rise and fall

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