If the price of shoes is $20, then the market

a) experiences a surplus of shoes

b) experiences a shortage of shoes

c) is in equilibrium

d) there is not enough information to answer this question

(Figure: Supply and Demand for Shoes) If the price of shoes is 120 100 80 Price of Shoes (S) 60 40 20 10 20 30 40 50 60 Quantity of Shoes experiences a surplus of shoes. experiences a shortage of shoes. is in equilibrium. There is not enough information to answer this question. A DOOWP