(Figure: Determining Surplus and Loss) In the graph, which price would NOT allow for a binding price floor?

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A binding price floor is a minimum price set above the equilibrium price, resulting in a surplus (quantity supplied exceeds quantity demanded). In the graph, only at price $8, the quantity supplied and the quantity demanded are equal, and there is no surplus or shortage. Therefore, a price floor set at $8 would not be binding. Prices above $8 (B, C, and D) would result in a surplus, while prices below $8 would result in a shortage.

(Figure: Determining Surplus and Loss) in the Graph, Which Price