PRICE QUANTITY DEMANDED QUANTITY SUPPLIED

$10 10 60

$ 8 20 45

$ 6 30 30

$ 4 40 15

$ 2 50 0

Refer to the Table

If the price were $8, what would happen?

a. A shortage of 25 units would exist and the price would tend to rise.

b. A surplus of 25 units would exist and the price would tend to fall.

c. A surplus of 50 units would exist and the price would tend to fall.

d. A surplus of 10 units would exist and the price would tend to fall.

why is the answer B?