UIZ 2 In which statement is the term "demand" used correctly? (1) An increase in the price of copper will lead to a decrease in the demand for copper. (2) An increase in the price of copper will lead to an increase in the demand for aluminum (a substitute for copper). Price Quantity Supplied Quantity Demanded $ 10 400 700 $ 15 500 650 $ 20 600 600 $ 25 700 550 $ 30 800 500 Refer to table 3-2 at a price of ---------- there would be an excess-------- of 150 umbrellas. A. $25; demand B. $30; supply C. $15; demand D. $20; supply E. $10; demand