The diagram illustrates the spectacles market. At first, market equilibrium is at price PO, with quantity Q3 being purchased and sold. The government then introduces a maximum price of PX and also a minimum price of PM. What impact will these measures have on the spectacles market?
- Acreate a shortage of spectacles equal to Q1Q5
- Bcreate a surplus of spectacles equal to Q2Q4
- Ccreate a surplus of spectacles equal to Q3Q4
- Dleave the quantity bought and sold unchanged