Suppose the Equilibrium Price of Oranges Is $2

Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the
Equilibrium price a

A) shortage exists and the price falls to restore equilibrium.
B) surplus exists and the price rises to restore equilibrium.
C) shortage exists and the price rises to restore equilibrium.
D) surplus exists but nothing happens until either the demand or the supply changes.
E) surplus exists and the price falls to restore equilibrium.