accompanying figure, which shows the market for cups of coffee. Consider the original supply and the original demand curve. If the government imposes a price ceiling of $1 on a cup of coffee, then there would be The graph plots quantity in cups per hour versus price in dollars per hour. Two lines and two dashed lines intersects each other perpendicularly. Select one: a. a new equilibrium at a price of $1.00 per cup and a quantity of 50 cups per hour. b. an excess demand for coffee. c. a short-term excess demand for coffee, followed by an increase in the equilibrium price. d. an excess supply of coffee