A Binding Price Floor Creates a Surplus,which Means

Multiple Choice

A binding price floor creates a surplus,which means:

A) there will be downward pressure on prices until quantity demanded equals quantity supplied.
B) there will be upward pressure on prices until quantity demanded equals quantity supplied.
C) there will be upward pressure on the quantity demanded until quantity demanded equals quantity supplied.
D) the quantity demanded will always exceed the quantity supplied.
E) the quantity demanded will always be smaller than the quantity supplied.