Assume that the current market equilibrium price for milk is $2.80 per gallon and that 5 million gallons are sold per day. If the government sets a price ceiling of $2.00 per gallon, which of the following is lie?
(A) The demand for milk will increase.
(B) The supply of milk will decrease.
(C) There will be an excess supply of milk in the market.
(D) More than 5 million gallons of milk will be sold.
(E) Less than 5 million gallons of milk will be sold.
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