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:

Photopsia

The perception of flashes of light in the field of vision, not caused by light entering the eye.

Floaters

Tiny spots, specks, or lines that float across the field of vision, often due to changes in the vitreous humor of the eye.

Adherent Leukoma

A type of corneal scar where the opaque scar tissue adheres to the inner layer of the cornea, affecting vision.

Abbreviation

A shortened form of a word or phrase.