When the price is below the equilibriumprice, the quantity demanded

A.

is less than the equilibrium quantity and the quantity supplied also is less than the equilibrium quantity.

B.

exceeds the equilibrium quantity and the quantity supplied also exceeds the equilibrium quantity.

C.

exceeds the equilibrium quantity but the quantity supplied is less than the equilibrium quantity.

D.

is less than the equilibrium quantity but the quantity supplied exceeds the equilibrium quantity.