Price | Quantity Demanded | Quantity Supplied
$20 250 50
$40 200 100
$60 150 150
$80 100 200
$100 50 250
If the current market price is $40, based on the information in the table, what can you predict will happen to the price over time?
a. The market price will increase since there is an excess demand for jeans at the current price.
b. The market price will increase since there is an excess supply of jeans at the current price.
c. The market price will fall since there is an excess demand for jeans at the current price.
d. The market price will fall since there is an excess supply of jeans at the current price.
