FIGURE 5-1 -Refer to Figure 5-1. in This Market, Suppose the Government

FIGURE 5-1
-Refer to Figure 5-1. In this market, suppose the government announces that the price must be P 3 or lower. This price P3) is referred to as

A) a non-binding price ceiling.
B) a binding price floor.
C) an equilibrium price.
D) a price ceiling.
E) a price floor.