Use the Following to Answer Questions

Use the following to answer questions :
Scenario: Gizmovia II
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 $0.75.
-(Scenario: Gizmovia II) Look at the scenario Gizmovia II. 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.