If a surplus exists in a market, we know that the actual price is O A. below the equilibrium price, and the quantity supplied is greater than the quantity demanded. O B. below the equilibrium price, and the quantity demanded is greater than the quantity supplied. O C. above the equilibrium price, and the quantity supplied is greater than the quantity demanded. O D. above the equilibrium price, and the quantity demanded is greater than the quantity supplied. If a shortage exists in a market, we know that the actual price is O A. above the equilibrium price, and the quantity demanded is greater than the quantity supplied. O B. below the equilibrium price, and the quantity demanded is greater than the quantity supplied. O C. below the equilibrium price, and the quantity supplied is greater than the quantity demanded. OD. above the equilibrium price, and the quantity supplied is greater than the quantity demanded