Use the table to answer questions about the demand for and supply of Blu-ray movies. Price per Quantity of movies demanded movie Quantity of movies supplied 80 $15 40 $12 50 70 $10 60 60 70 50 $7 $5 80 40 What is the equilibrium price per movie? What is the equilibrium price per movie? At a price of $12 per movie, a surplus of 70 movies occurs. O a surplus of 20 movies occurs. O a shortage of 50 movies occurs. O a shortage of 20 movies occurs. equilibrium in the market for movies is reached