If the Government Removes a Binding Price Floor from a Market,then

question 22

Multiple Choice

If the government removes a binding price floor 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)increase,and the quantity sold in the market will decrease.
• D)increase,and the quantity sold in the market will increase.

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Definitions:

Social Forces

The societal influences that affect individuals' behaviors, attitudes, and actions within a community or society.

Conform

The act of matching attitudes, beliefs, and behaviors to what is considered normal or acceptable in society.

Pressures

Forces that influence or urge someone to act or behave in a certain way.

Direct Commands

Instructions given clearly and unequivocally, expecting immediate compliance.