Which situation below would represent a shortage in the oil market?
A. quantity demanded is 5.2 million; quantity supplied is 5.1 million.
B. market price $75.00 per barrel; equilibrium price $81.00 per barrel.
C. market price $81.00 per barrel; equilibrium price $75.00 per barrel.
D. quantity supplied this year is 25% greater than quantity supplied last year.
B. market price $75.00 per barrel; equilibrium price $81.00 per barrel.
Economics
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