If the market price of tilapia is $1.60 per pound but the government will not allow tilapia farmers to charge more than $1.20 per pound of tilapia, which of the following will happen?
A) There will be an excess supply of tilapia.
B) The market will be in equilibrium at a price of $1.00.
C) The supply curve for tilapia will shift to the left.
D) There will be an excess demand for tilapia.