Da VIP Academy economics data — weekly price and quantity for one product

Price per unit   Quantity buyers want   Quantity sellers offer
$2                       900                    200
$4                       650                    450
$6                       500                    500
$8                       350                    700
$10                      180                    900

If the price were set at $2, what would happen?

• A.A surplus of 700 units
• B.A shortage of 700 units
• C.The market would be in equilibrium
• D.Sellers would offer more than buyers want