Whenever a Price Floor Is Imposed Above Equilibrium Price, It

Multiple Choice

Whenever a price floor is imposed above equilibrium price, it is true that:

A) supply will increase due to a higher price and a surplus will result.
B) supply will increase due to a higher price until it just equals the quantity demanded.
C) demand will increase due to a higher price and a shortage will result.
D) demand will increase due to a higher price until it just equals the quantity supplied.
E) quantity supplied will exceed the quantity demanded.