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 $5, do we have a surplus or shortage in the market? By how much?

Group of answer choices

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

a shortage of 51 pizzas

a shortage of 109 pizzas

a surplus of 82 pizzas