Concered about the political fallout from rising college tuition, the U.S. government decides to impose a price ceiling on tuition for $15,000 a student. If more colleges open and drive the equilibrium price of tuition to $10,000 a student, ________________.The market for college education is _____________.
A.a shortage of college educationcollege education emerges; efficient
B.a shortage of college educationcollege educationemerges; inefficient
C.a surplus of college educationcollege educationemerges; inefficient
D.a surplus of college educationcollege education emerges; efficient
E.neither a surplus nor a shortage of college educationcollege education emerges; efficient