Market demand for widgets is given by $QD=16-\frac{1}{5}P.$ Market supply for widgets is given by $QS=4+P,$ where $P$ is price measured in dollars. Given a legal price floor of $P=$$$5,$ how much is the surplus$/$shortage in this market?

There is a shortage of $6$ widgets

There is a surplus of $6$ widgets

There is a shortage of $10$ widgets

There is a surplus of $15$ widgets

None of the answers listed