Suppose the free-market equilibrium price for ice time at privately operated hockey arenas is $250 per hour. If the municipal government imposes a price ceiling of $130 per hour, we can expect to see A) an adjustment of the free-market equilibrium price to $100. B) an excess supply of ice time. C) a black market price below the free-market equilibrium price. D) that neither excess supply nor excess demand is created. E) an excess demand for ice time.