Use the Following Table to Answer the Following Questions

Multiple Choice

Use the following table to answer the following questions.
Market for Corn

-If the price ceiling for corn is $2.50,what amount and type of disequilibrium would be present in the market for corn?

A) There would be neither a shortage nor a surplus.
B) There would be a surplus of 61,000.
C) There would be a shortage of 61,000.
D) There would be a shortage of 186,000.
E) There would be a shortage of 125,000.