If the market price [Pmkl i5 below the price {Pu}, then quantity supplied is [53'9\"] " the quantity demanded and there is. l 59'3\" l in the market Price If the market price (Pmkt) is below the price (Po), then quantity supplied is [ Select ] the quantity demanded and there is [ Select ] V [ Select ] a surplus a shortage less than equilibrium equal to Supply greater thanIf the market price (Pmkt) is below the price (Po), then quantity supplied is [ Select ] the quantity demanded and there is [ Select ] V [ Select ] in the market a surplus less than a shortage equal to Supply equilibrium greater than