Ten individuals have $100 and identical preferences for picnics, p, and kayak trips, k, where U(p, k) = k0.5p0.5. The price of picnics is $5 and the price per kayak trip is $ 10. What is the shortage/surplus in the market when the supply of picnics totals 120? Part 2 A. The market is in equilibrium. Therefore, there is no surplus/shortage. B. There is a shortage of 20. C. There is a surplus of 20. D. There is not enough information to answer this