What does economic analysis suggest regarding the impact on economic efficiency of government-imposed price ceilings and price floors?

A.

The competitive equilibrium market without price ceilings and price floors is more efficient.

B.

In order to increase the economic efficiency, the government should set a price floor above the market price.

C.

Binding price floors and price ceilings lead to economic efficiency.

D.

Government should set the price ceiling below the equilibrium price in order to achieve economic efficiency.

E.

Moving away from competitive equilibrium will increase economic efficiency.