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.

---

Definitions:

Pacific Ocean

The largest and deepest of Earth's oceanic divisions, extending from the Arctic in the north to the Southern Ocean in the south, bounded by Asia and Australia on the west and the Americas on the east.

Columbus's Assessment

Refers to Christopher Columbus's evaluation and reports of the New World lands he encountered, his observations of their potential for colonization and exploitation.

Columbus's Explorations

The voyages led by Christopher Columbus across the Atlantic Ocean, aiming to find a western route to Asia but instead making first European contact with the Americas.

Convert Native Americans

Efforts, often by European settlers and their descendants, to assimilate Native Americans into European culture and religion.