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

question 129

Multiple Choice

If the government removes a binding price ceiling from a market,then the price received by sellers will

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

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Definitions:

Chocolate Bar

A confectionery item made from cocoa, typically sweetened and formed into a rectangular shape for consumption.

Piece of Metal

A solid, typically hard and malleable material characterized by its metallic properties, often used in construction and manufacturing.

Damaged Tooth

A tooth that is broken, chipped, or decayed, which can affect its appearance and functionality.

Painful Injury

An injury or damage to the body causing pain or distress.