-Using the Data in the Above Table, at the Price

Multiple Choice

$\begin{array}{|l|l|l|}\hline\begin{array}{l}\text { Price } \\\text { (dollars per } \\\text { cellular } \\\text { phone) }\end{array} & \begin{array}{l}\text { Quantity } \\\text { demanded } \\\text { (thousands) }\end{array} & \begin{array}{l}\text { Quantity } \\\text { supplied } \\\text { (thousands) }\end{array} \\\hline 100 & 50 & 100 \\\hline 80 & 55 & 80 \\\hline 50 & 60 & 60 \\\hline 20 & 100 & 40 \\\hline\end{array}$
-Using the data in the above table, at the price of $80 a phone, a

A) surplus of 25 thousand cellular telephones occurs.
B) shortage of 55 thousand cellular telephones occurs.
C) surplus of 80 thousand cellular telephones occurs.
D) shortage of 25 thousand cellular telephones occurs.