If a Price Floor Imposes a Binding Constraint on a Market

Multiple Choice

If a price floor imposes a binding constraint on a market, then _____.

A) the equilibrium price should be above the price floor
B) the quantity demanded should exceed the quantity supplied
C) sellers cannot sell all they want to sell at the price floor
D) buyers cannot buy all they want to buy at the price floor
E) the equilibrium price should be equal to the price floor