Above is a supply & demand schedule that shows the number of pairs of socks that producers are willing to make at various prices, as well as the number of pairs that consumers are willing to purchase at each price. Using this chart, what would happen if the price of the socks was set at $2.50 a pair?

A.) No socks would be produced because it would be the equilibrium price

B.) a surplus

C.) All socks would sell because it would be the equilibrium price:

D.) a shortage