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 floor for corn is set at $5.00,what amount and type of disequilibrium will be present in the market for corn?

A) There will be no shortage or surplus.
B) There will be a shortage of 103,000.
C) There will be a surplus of 103,000.
D) There will be a surplus of 223,000.
E) There will be a surplus of 120,000.