Total Surplus in a Market Will Increase When the Government

question 102

Multiple Choice

Total surplus in a market will increase when the government

• A)imposes a tax on that market.
• B)imposes a binding price floor on that market.
• C)removes a binding price ceiling from that market.
• D)None of the above is correct.

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Definitions:

Demographics

Statistical data relating to the population and the particular groups within it, used especially to identify consumer markets.

Transactions

Financial exchanges or transfers of goods, services, or information between two or more parties.

Traffic Generation

The outcome of a direct marketing offer designed to motivate people to visit a business.

Databases

Structured collections of data or information, typically electronically stored and accessed via computer systems, used for efficient information management.