Question

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.

Answer 1

d. None of the above is correct

Step-by-step explanation:

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