Total Surplus in a Market Will Increase When the Government

question 102

Multiple Choice

Total surplus in a market will increase when the government

• A)imposes a tax on that market.
• B)imposes a binding price floor on that market.
• C)removes a binding price ceiling from that market.
• D)None of the above is correct.

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Definitions:

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A medical test that detects the presence of antibodies to the HIV virus, indicating an HIV infection or AIDS diagnosis.