The price paid by buyers 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. All of the above are correct.
c
Economics
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Refer to Table 20-14. The real average hourly earnings for 1965 in 2010 dollars equal
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Indicate whether the statement is true or false
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On the surface, Usury laws are designed to protect consumers from exorbitant interest rates.
Answer the following statement true (T) or false (F)
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What is the future value of $1,000 in three years if the rate of discount is equal to 5 percent?
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