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abruzzese [7]
3 years ago
8

If the government removes a binding price floor from a market, then the price paid by buyers will (A) increase, and the quantity

sold in the market will increase. (B) increase, and the quantity sold in the market will decrease. (C) decrease, and the quantity sold in the market will increase. (D) decrease, and the quantity sold in the market will decrease.
Business
1 answer:
GenaCL600 [577]3 years ago
7 0

Answer:

The correct option is A

Explanation:

Binding price ceiling is the defined or described as the one which happen or occur when the government  fixes or state the required or needed price on the goods or products and the price will be set at  a price below the equilibrium. It is done as the government want that the prices will not rise or increase above the set price and this price binds the market for that good or product.

So, if the government remove the biding price from the market, then the price which is paid by the buyers will increase as price could rise and which will return in the quantity sold will also increase in the market.

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The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."

This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.

Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.

A sticker price is the whole amount of the annual or session cost of a college education.

Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.

Learn more here: brainly.com/question/20635459

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Ede4ka [16]

Answer:

Explanation:

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