Use the Following to Answer Questions

Use the following to answer questions:
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) Refer to Scenario: Gizmovia II.At the target rate of $0.50:

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