If the Government Removes a Binding Price Floor from a Market

question 78

Multiple Choice

If the government removes a binding price floor from a market, then the price paid by buyers will

• A)​increase, and the quantity exchanged will increase.
• B)​increase, and the quantity exchanged will decrease.
• C)​decrease, and the quantity exchanged will increase.
• D)​decrease, and the quantity exchanged will decrease.

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Definitions:

Intra-

A prefix meaning "within" or "inside," used to denote something occurring internally.

Colp/o

A medical prefix related to the vagina, used to form terms referring to conditions, procedures, or instruments associated with the vagina.

Singular

The form of a term that indicates the presence of only one.

Plural

The form of a term that indicates more than one.