Figure 6-1 This Figure Shows the Market Demand and Market Supply Curves

Figure 6-1
This figure shows the market demand and market supply curves for good Y
-Refer to Figure 6-1.A government-imposed price of $24 in this market is an example of a

A) binding price ceiling that creates a shortage.
B) non-binding price ceiling that creates a shortage.
C) binding price floor that creates a surplus.
D) non-binding price floor that creates a surplus.