eBook Print References Instructions: Do not use a minus sign when entering your answers. c. How big is the surplus or shortage at $3.40? There is a shortage of thousand bushels. How big is the surplus or shortage at $4.90? There is a surplus of thousand bushels. How big a surplus or shortage results if the price is 60 cents higher than the equilibrium price There is a surplus of thousand bushels How big a surplus or shortage results if the price is 30 cents lower than the equilibrium price? There is a shortage of thousand bushels