Given the Following Supply and Demand Curves for Six-Packs of Beer

Multiple Choice

Given the following supply and demand curves for six-packs of beer, a price of $7.00 would produce:
Demand Q = 31,000 - 2000P
Supply Q = 10,000 + 1500P

A) equilibrium.
B) a shortage of 3,500 six-packs of beer.
C) a surplus of 3,500 six-packs of beer.
D) a shortage of 17,000 six-packs of beer.
E) a surplus of 20,500 six-packs of beer.