In the following graph, QS and QD represent the supply and the demand curves respectively. Refer to the graph to answer the question. 
If the market price is £30:
A) the market is in equilibrium.
B) consumers may begin to bid up the price in order to buy more of the product.
C) there is a surplus in the market.
D) no trades will occur in the market.
Correct Answer:
Verified
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