If the Government Removes a Binding Price Floor from a Market

Multiple Choice

If the government removes a binding price floor from a market, then the price received by sellers will

A) ​decrease, and the quantity exchanged in the market will decrease.
B) ​decrease, and the quantity exchanged in the market will increase.
C) ​increase, and the quantity exchanged in the market will decrease.
D) ​increase, and the quantity exchanged in the market will increase.