If the Government Removes a Binding Price Ceiling from a Market

question 212

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)​decrease, and the quantity sold in the market will increase
• D)​increase, and the quantity sold in the market will increase.

---

Definitions:

High Concentration

A state or condition of having a large amount of substance in a certain volume or area, or the ability to focus intensely on a task or activity.

Low Concentration

A situation or state where there is a reduced amount of a substance present in a solution or mixture compared to other components.

Neuron Rest

The state of a neuron when it is not actively transmitting information or signals, characterized by a stable resting membrane potential.

Closed Channels

Ion channels in a cell membrane that are in a state where no ions can pass through them, affecting cell function and signaling.