At the Current Market Price for Milk, the Quantity of Milk

Multiple Choice

At the current market price for milk, the quantity of milk that sellers are willing and able to sell falls short of the quantity that buyers are willing and able to purchase. What is occurring in this situation?

A) A surplus of milk results.
B) The current market price must be equal to the equilibrium price of milk.
C) The current market price must exceed the equilibrium price of milk.
D) The current market price must be less than the equilibrium price of milk.