Which of the following statements is true if the government places a price ceiling on petrol at Rs150 per litre and the equilibrium price is Rs100 per litre ?

• A. A significant increase in the demand for petrol could cause the price ceiling to become a binding constraint.
• B. A significant increase in the supply for petrol could cause the price ceiling to become a binding constraint.
• C. There will be a shortage of petrol
• D. There will be surplus of petrol