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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)
  1. 19 March, 11:55
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    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.
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