The Quantity Sold in a Market Will Increase If the Government

question 110

Multiple Choice

The quantity sold in a market will increase if the government

• A)decreases a binding price floor in that market.
• B)decreases a binding price ceiling in that market.
• C)increases a tax on the good sold in that market.
• D)More than one of the above is correct.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Intersectionality

A framework for understanding how various forms of social stratification, such as race, gender, and class, intersect and impact individuals and groups.

Gender Inequality

The disparity in status, power, and opportunity between individuals based on their gender, manifesting in various areas of social, economic, and political life.

Sociologists

Experts or scientists who study human societies and social behavior by examining the groups, cultures, organizations, social institutions, and processes that develop when people interact and work together.