This table shows the demand and supply schedule of a good.Price of GoodQDemandQsupply$0.005025$0.504026$1.003528$1.503131$2.002835$2.502740According to the table shown, at a price of $2.00 quantity demanded:
A. exceeds quantity supplied and a shortage exists.
B. is less than quantity supplied and a surplus exists.
C. exceeds quantity supplied and a surplus exists.
D. is less than quantity supplied and a shortage exists.
Answer: B
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