refer to figure 4-8. if price in this market is currently $14, there would be a
O A. shortage of 20 units and the law of demand predicts that the price will rise from $14 to a higher price.
O B. excess supply of 20 units and the law of supply and demand predicts that the price will fall from $14 to a lower price,
O c. shortage of 40 units and the law of supply predicts that the price will fall from $14 to a lower price
O D. surplus of 40 units and the law of supply and demand predicts that the price will fall from $14 to a lower price
