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:

Conditioned

Refers to something that has been learned through association, often used in the context of conditioned responses or behaviors in psychology.

Hunger

A physical sensation caused by a lack of food, driving the desire to eat.

Dairy Queen

A chain of soft serve ice cream and fast-food restaurants owned by International Dairy Queen, Inc.

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A rich, fluffy dessert made primarily from chocolate and cream.