Maximum and minimum prices — practice question

The diagram illustrates the demand and supply curves for a good. The government imposes a maximum price of OJ for the good. What effect will this have on the consumers and producers of the good?

• Aeffect on consumers: All consumers will gain. effect on producers: Producers will lose.
• Beffect on consumers: All consumers will gain. effect on producers: Producers will gain.
• Ceffect on consumers: Some consumers will gain and some will lose. effect on producers: Producers will gain.
• Deffect on consumers: Some consumers will gain and some will lose. effect on producers: Producers will lose.