Refer to the accompanying table to answer the next four questions.

Market for Public Transportation

Price

Quantity Demanded

Quantity Supplied

$0.75

100,000

65,000

$1.00

92,000

80,000

$1.25

86,000

86,000

$1.50

80,000

100,000

$1.75

75,000

115,000

$2.00

68,000

116,000

What is the amount of the shortage or surplus in the market for public transportation when the price floor is $1.00?

Select one:

a.

100,000

b.

86,000

c.

75,000

d.

40,000

e.

0