Table 4-3 the Demand Schedule Below Pertains to Sandwiches Demanded Per

Table 4-3. The demand schedule below pertains to sandwiches demanded per week.

-Refer to Table 4-3.Suppose Alfred,Belinda,and Charissa are the only demanders of sandwiches.Also suppose: • x = 2;
• the current price of a sandwich is $5.00;
• the market quantity supplied of sandwiches is 10;
• the law of supply applies to the supply of sandwiches.
Then

A) there is a shortage of 3 sandwiches and the price would be expected to rise from its current level of $5.00.
B) there is a shortage of 3 sandwiches and the price would be expected to fall from its current level of $5.00.
C) there is a surplus of 5 sandwiches and the price would be expected to rise from its current level of $5.00.
D) there is a surplus of 5 sandwiches and the price would be expected to fall from its current level of $5.00.