If the Price of Carrots Is Below the Equilibrium Price

If the price of carrots is below the equilibrium price, the

A) quantity supplied of carrots exceeds the quantity demanded and a shortage exists.
B) quantity supplied of carrots equals the quantity demanded.
C) quantity demanded of carrots exceeds the quantity supplied and a surplus exists.
D) quantity demanded of carrots exceeds the quantity supplied and a shortage exists.
E) quantity supplied of carrots exceeds the quantity demanded and a surplus exists.