Arrange the following steps that occur when a price ceiling is imposed on a market good, starting from the initial imposition of the ceiling to the resulting market outcome.

When a price ceiling is imposed on a market good, it means the government sets a maximum price that sellers can charge. Initially, this price is usually lower than the market equilibrium price, which is where supply and demand are balanced. As a result, more people want to buy the good because it is cheaper, but producers are less willing to sell it at this lower price, leading to a shortage. For example, if the price ceiling for rent is set below the market rate, more people will want to rent apartments, but landlords might not find it profitable to offer their apartments, causing a lack of available housing. Ultimately, the market fails to meet the demand, resulting in long lines or waiting lists for the good.