-The Above Table Shows the Demand Schedule and Supply Schedule

Multiple Choice

$$\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { (dollars per } \\\text { pound) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { supplied } \\\text { (pounds) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { demanded } \\\text { (pounds) }\end{array} \\\hline 3 & 1 & 7 \\\hline 4 & 2 & 5 \\\hline 5 & 4 & 4 \\\hline 6 & 5 & 2 \\\hline 7 & 6 & 1 \\\hline\end{array}$$
-The above table shows the demand schedule and supply schedule for chocolate chip cookies. If the price is $4.00 per pound, there is a

A) surplus of 3 pounds of chocolate chip cookies.
B) shortage of 5 pounds of chocolate chip cookies.
C) shortage of 3 pounds of chocolate chip cookies.
D) shortage of 2 pounds of chocolate chip cookies.