Ask Question
BusinessBusiness
7 November, 17:54

The price received by sellers in a market will decrease if the government a. imposes a binding price floor in that market. b. decreases a binding price ceiling in that market. c. decreases a tax on the good sold in that market. d. increases a binding price floor in that market.

+2
Answers (1)
  1. 7 November, 20:23
    0
    The price received by sellers in a market will decrease if the government imposes a binding price floor in that market.

    Explanation:

    If the government imposes a binding price floor in the market, this would make the binding price ceiling to occur below the equilibrium price.

    The lower price would generate a shortage of housing by increasing the quantity demanded and reducing the quantity supplied.

    Therefore, the price received by sellers in a market will decrease if the government imposes a binding price floor in that market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The price received by sellers in a market will decrease if the government a. imposes a binding price floor in that market. b. decreases a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Aziz Industries has sales of $100,000 and accounts receivable of $11,500, and it gives its customers 30 days to pay. The industry average DSO is 27 days, based on a 365-day year.
Answers (1)
St. Philip Company ordered parts costing €250,000 from a foreign supplier on January 15 when the spot rate was $0.28 per €. A one-month forward contract was signed on that date to purchase €250,000 at a forward rate of $0.30.
Answers (1)
Your father's employer was just acquired, and he was given a severance payment of $365,000, which he invested at a 7.5% annual rate. He now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year.
Answers (1)
Assume you work for an employer who will contribute $60 a week for the next 20 years into a retirement plan for your benefit. At a discount rate of 9 percent, what is this employee benefit worth to you today?
Answers (1)
Edison Inc., an electrical utility company, is venturing into a business in which electricity is generated through solar and wind energy.
Answers (1)
New Questions in Business
Amanda Company purchased a computer that cost $10,000. It had an estimated useful life of five years and a residual value of $1,000.
Answers (1)
Consumer surplus is a. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. b. the amount a buyer is willing to pay for a good minus the cost of producing the good. c.
Answers (1)
You've borrowed $20,000 on margin to buy shares in ixnay, which is now selling at $40 per share. your account starts at the initial margin requirement of 50%. the maintenance margin is 35%. two days later, the stock price falls to $35 per share. a.
Answers (1)
The length of a rectangle is twice the width the perimeter is 36 ft find length and width
Answers (1)
An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity and decrease liabilities by $20,000. C. increase liabilities and assets by $20,000.
Answers (1)
Home » Business » The price received by sellers in a market will decrease if the government a. imposes a binding price floor in that market. b. decreases a binding price ceiling in that market. c. decreases a tax on the good sold in that market. d.
Sign Up Forgot Password?