The price received by sellers in a market will decrease if the government

a. increases a binding price floor in that market.

b. increases a binding price ceiling in that market.

c. decreases a tax on the good sold in that market.

d. None of the above is correct.

Question

Business

Brisa Booker

19 March, 09:06

The price received by sellers in a market will decrease if the government

a. increases a binding price floor in that market.

b. increases a binding price ceiling in that market.

c. decreases a tax on the good sold in that market.

d. None of the above is correct.

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Answers (1)

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Shepard · Answer 1

d. None of the above is correct

Explanation:

The price received by sellers in a market will decrease if the government decreases a binding price ceiling in the market.

The price received by sellers in a market will decrease if the governmenta. increases a binding price floor in that market.b. increases a binding price ceiling in that market.c. decreases a tax on the good sold in that market.d. None of the above is correct.

The price received by sellers in a market will decrease if the government

a. increases a binding price floor in that market.

b. increases a binding price ceiling in that market.

c. decreases a tax on the good sold in that market.

d. None of the above is correct.