Price	Quantity Demanded	Quantity Supplied
$45	600	900
$35	700	700
$25	800	500

Use the table of information. For this market, which of the following statements is (are) correct?

(x) If the government imposes a price ceiling of $45 in this market, the result is a chronic shortage of 300 units.

(y) A binding price ceiling would exist at any price below $35.

(z) If the government imposes a price ceiling of $25 in this market, the market will sell 200 fewer units than it would in the absence of a price ceiling.

Select one:

A.

(x), (y) and (z)

B.

(x) and (y) only

C.

(x) and (z) only

D.

(y) and (z) only

E.

(z) only