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The market for pizza has the following demand and supply schedule. P Quantity Demanded Quantity Supplied $4 135 pizzas 26 pizzas $5 104 53 $6

The market for pizza has the following demand and supply schedule.

P Quantity Demanded Quantity Supplied

$4 135 pizzas 26 pizzas

$5 104 53

$6 81 81

$7 68 98

$8 53 110

$9 39 121

If the actual price in the market is $9, do we have a surplus or shortage in the market? By how much?

Group of answer choices

We have neither a shortage nor a surplus at this price.

a surplus of 57 pizzas

a surplus of 82 pizzas

a shortage of 51 pizzas

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