If a Nonbinding Price Floor Is Imposed on a Market

question 88

Multiple Choice

If a nonbinding price floor is imposed on a market, then the

• A)quantity sold in the market will decrease.
• B)quantity sold in the market will stay the same.
• C)price in the market will increase.
• D)price in the market will decrease.

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Definitions:

New Table

A feature in database applications that allows users to create a new table for storing data.

Action Queries

SQL commands that cause changes in the data or structure of a database.

Make-Table

A process or query in database management systems used to create a new table and populate it with data from existing tables.

Crosstab

A table display format that summarizes the data of two or more variables, showing how one variable relates to another.