Scenario: Gizmovia the Republic of Gizmovia Wants to Maintain the Exchange

Scenario: Gizmovia The Republic of Gizmovia wants to maintain the exchange rate of its currency, the gizmo, at $0.50, but the current exchange rate for the gizmo is $0.40. At the target rate of $0.50:

A) the quantity demanded of gizmos equals the quantity supplied.
B) there is a surplus of gizmos.
C) there is a shortage of gizmos.
D) the quantity demanded of gizmos is greater than the quantity supplied.