In the above graph, QS and QD represent the supply and the demand curves respectively in the market for train tickets. Refer to the graph to answer the question. 
Suppose price of a ticket is reduced to £15. Which of the following is likely to happen?
A) The supply curve will become less inelastic as the price falls.
B) The number of tickets sold will be equal to 250.
C) The demand curve will become vertical.
D) The buyers in the market will face a shortage of 50 tickets.
Correct Answer:
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