Describe an effective price ceiling. Select all that apply, including the graph of an effective price floor. Question 33 options: An effective price ceiling is above the market determined equilibrium price. An effective price ceiling is below the market determined equilibrium price. An effective price ceiling causes a market surplus - quantity supplied exceeds quantity demanded. An effective price ceiling causes a market shortage - quantity demanded exceeds quantity supplied. The government implements the price ceiling because it is believed the market determined price is "too low". The government implements the price ceiling because it is believed the market determined price is "too high". A minimum wage is a example of a price ceiling. Also, agricultural subsidies are examples of price ceilings. Rent control is an example of a price ceiling