Refer to the accompanying figure, which shows the market for cups of coffee. Consider the original supply and the original demand curve. If the government imposes a price ceiling of $1.00 on a cup of coffee, then there would be: 
A) a short-term excess demand for coffee, followed by an increase in the equilibrium price.
B) an excess supply of coffee.
C) an excess demand for coffee.
D) a new equilibrium at a price of $1.00 per cup and a quantity of 50 cups per hour.
Correct Answer:
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