Refer to Table 3 In Table 3

Refer to Table 3.1 to answer the following question Table 3.1 Individual Demand and Supply Schedules
$\begin{array}{l}\quad\quad\quad\quad\quad\quad\text { Quartity Dernarded by }\\\begin{array} { | r | r | r | r | c | } \hline { \text { Price } } & { \text { Alejandro } } & { \text { Ben } } & \text { Carl } & \text { Market } \\\hline \$ 8.00 & 8 & 4 & 2 & \\\hline 6.00 & 12 & 4 & 4 & \\\hline 4.00 & 20 & 4 & 6 & \\\hline 2.00 & 22 & 4 & 6 & \\\hline\end{array}\end{array}$ $\begin{array}{l}\quad\quad\quad\quad\quad\quad\text { Quartity Supplied by }\\\begin{array} { | r | r | r | r | c | } \hline { \text { Price } } & { \text { Avery } } & { \text { Brandon } } & \text { Cassandra} &\quad\quad\quad\quad \\\hline \$ 8.00 & 60 & 4 &6 & \\\hline \$6.00 & 42 & 4 & 4 & \\\hline \$4.00 & 24 & 4 & 2 & \\\hline\$ 2.00 &6 & 4 & 0 & \\\hline\end{array}\end{array}$ In Table 3.1,if the price is $8,the market will

A) Be in equilibrium.
B) Experience a surplus of 30 units.
C) Experience a shortage of 22 units.
D) Experience a surplus of 56 units.

Correct Answer:

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