Which of the following statements best describes the current and future market conditions for textbooks?

The market for college textbooks is illustrated in the graph below. In the market for textbooks, the current price of a textbook is $125. Price $200 $150 $100 250 500 750 Quantity Copyright @ 2018 W. W. Norton & Company, Inc. Which of the following statements best describes the current and future market conditions for textbooks? Choose one: O A. The market for textbooks has a shortage. There will be an upward pressure on price, which will cause quantity demanded to fall and quantity supplied to rise. O B. The market for textbooks has a shortage. There will be an upward pressure on price, which will cause quantity demanded to rise and quantity supplied to fall. O C. The market for textbooks has a surplus. There will be an upward pressure on price, which will cause quantity demanded to rise and quantity supplied to fall. D. The market for textbooks has a surplus. There will be an upward pressure on price, which will cause quantity demanded to fall and quantity supplied to rise. O E. The market is currently in equilibrium and the price, quantity demanded and quantity supplied will not change in the near future