Maximum and minimum prices — practice question

The diagram illustrates the demand and supply curves for a good. The government imposes a minimum price of OJ for the good. How will this influence the producers and consumers of the good?

• Aeffect on producers: all producers will gain; effect on consumers: consumers will lose
• Beffect on producers: all producers will gain; effect on consumers: consumers will gain
• Ceffect on producers: some producers will gain and some will lose; effect on consumers: consumers will lose
• Deffect on producers: some producers will gain and some will lose; effect on consumers: consumers will gain