For a product, the quantity demanded (QD) is given by QD = 400 – 20P, where P is the price in dollars, and the quantity supplied (QS) is QS = 100 + 40P. What conclusion can be drawn about the market at a price of $5?
- AConsumers will face a shortage.
- BGovernment will intervene in the market.
- CProducers will have a surplus of the product.
- DThe market will be in equilibrium.