A Binding Price Floor (I)causes a Surplus

A binding price floor (i) causes a surplus.
(ii) causes a shortage.
(iii) is set at a price above the equilibrium price.
(iv)
Is set at a price below the equilibrium price.

A) (i) only
B) (iii) only
C) (i) and (iii) only
D) (ii) and (iv) only