Figure 6-5 -Refer to Figure 6-5. a Government-Imposed Price of $12 in Price

Figure 6-5

-Refer to Figure 6-5. A government-imposed price of $12 in this market is an example of a

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