Refer to the figure above. Suppose the coffee lobby convinced the legislature to impose a price control requiring that coffee prices must be at least $2.50, and that the original demand curve and original supply curve were applicable. The most likely resu

题目：Refer to the figure above. Suppose the coffee lobby convinced the legislature to impose a price control requiring that coffee prices must be at least $2.50, and that the original demand curve and original supply curve were applicable. The most likely resu

Refer to the figure above. Suppose the coffee lobby convinced the legislature to impose a price control requiring that coffee prices must be at least $2.50, and that the original demand curve and original supply curve were applicable. The most likely result would be:

A.excess demand for coffee that would not correct itself because price is set by law.

B.excess supply of coffee that would not correct itself because price is set by law.

C.a short term excess demand for coffee, followed by an increase in price.

D.new equilibrium at a price of $2.50 and a quantity of 50 cups.


正确答案：excess supply of coffee that would not correct itself because price is set by law.