P = 20 - 0.2 Q P = 5 + 0.1 Q

1) The equilibrium price and quantity exchanged will be: a) 10 and 50; b) 20 and 100; c) 5 and 25; d) 15 and 45;

2) Suppose the government sets a price floor of P = $15; using the original pair of equations, there will be a: a) shortage of 100; b) shortage of 75; c) surplus of 75; d) surplus of 25;

Solved # 1, answer A.

Need help with #2 please. Should be answer C.