If the equilibrium price of an hour with a tax accountant is $65 and the market price is currently $55,then there is a

A) surplus of accountants
B) shortage of accountants
C) equilibrium

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity demanded, hence, the market is in balance.

Market Price

The ongoing rate at which an asset or service is being offered for buying or selling.

Shortage

An instance where the desire for a good or service outstrips its availability at a given price.