If the equilibrium price for some product is$1000, a price ceiling of $1500 will result in

A.

surpluses of the good.

B.

no effects because the price ceiling is not binding at that price.

C.

the same general effects as a price ceiling of $500

D.

the same general effects as an administered price of $ 1500.

E.

the same general effects as a price floor of $ 1500.