The market for salmon is in equilibrium.A binding price ceiling,a binding price floor,and a quota limit below the market equilibrium in this market would all cause:

A) deadweight loss arising from a quantity exchanged that is less than the equilibrium quantity.
B) a supply price that exceeds a demand price.
C) revenue collected by the government on each unit of salmon harvested.
D) deadweight loss arising from a transfer of surplus from consumers to producers.

Binding Price Ceiling

A government-imposed limit on the price of a commodity or service that is set below the market equilibrium price, causing a shortage.

Binding Price Floor

A government-imposed price control set above the equilibrium price, causing a surplus by forcing the price to be higher than what the market would naturally set.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable, typically resulting from taxes or price controls.