The price paid by buyers in a market will increase if the government
a. decreases a binding price floor in that market.
b. increases a binding price ceiling in that market.
c. decreases a tax on the good sold in that market.
d. imposes a binding price ceiling in that market.
b
Economics
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The lower the price of the good measured on the vertical axis, other thing remaining the same, the flatter the budget line
Indicate whether the statement is true or false
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Which of the following is an intangible good?
a. a television b. a reputation c. a smartphone d. a textbook
Economics