If the Government Removes a Binding Price Ceiling from a Market,then

question 86

Multiple Choice

If the government removes a binding price ceiling from a market,then the price paid by buyers will

• A)increase,and the quantity sold in the market will increase.
• B)increase,and the quantity sold in the market will decrease.
• C)decrease,and the quantity sold in the market will increase.
• D)decrease,and the quantity sold in the market will decrease.