Assume That the Market Clearing Price for Portable Power Banks

Multiple Choice

Assume that the market clearing price for portable power banks is $5, but that the maximum price that can be charged is $4. This is an example of

A) a price control that will lead to a surplus of portable power banks on the market.
B) a price floor that will lead to a shortage of portable power banks on the market.
C) markets failing to ration a fixed quantity of portable power banks.
D) a price ceiling that will likely lead to a shortage of portable power banks on the market.