Figure 6-8 -Refer to Figure 6-8.When a Certain Price Control Is Imposed

Multiple Choice

Figure 6-8
-Refer to Figure 6-8.When a certain price control is imposed on this market,the resulting quantity of the good that is actually bought and sold is such that buyers are willing and able to pay a maximum of P₁ dollars per unit for that quantity and sellers are willing and able to accept a minimum of P₂ dollars per unit for that quantity.If P₁ - P₂ = $3,then the price control is

A) a price ceiling of $2.00.
B) a price ceiling of $5.00.
C) a price floor of $5.00.
D) either a price ceiling of $2.00 or a price floor of $5.00.