The graph shows the price of a good compared to the quantity demanded and the quantity supplied. A graph titled Price Controls Graph 1 has Quantity on the x-axis and price on the y-axis. Demand has a negative slope and supply has a positive slope. Points are on the demand line and the supply line at the same price. Excess supply is indicated between the 2 points. Both points are above the point of equilibrium. On this graph, the top horizontal line represents a price floor set above equilibrium. a price floor set below equilibrium. a price ceiling set above equilibrium. a price ceiling set below equilibrium.