If the government removes a binding price floor from a market, then the price paid by buyers will
a. increase, and the quantity exchanged will increase.
b. increase, and the quantity exchanged will decrease.
c. decrease, and the quantity exchanged will increase.
d. decrease, and the quantity exchanged will decrease.
c
Economics
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How can the economy of Canada be characterized?
a. free market b. centrally planned c. mixed, but on the side of centrally planned d. mixed, but on the side of free market
Economics
The risk that interest payments will not be made, or that the face value of a bond is not repaid when a bond matures is
A) interest rate risk. B) inflation risk. C) liquidity risk. D) default risk.
Economics