The price paid by buyers in a market will decrease if the government

Name: The price paid by buyers in a market will decrease if the government
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Question

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Decreasing a tax on the good sold in the market, will decrease the cost of production, which would lead to a decrease in the price paid by the buyers. Increasing a binding price floor or ceiling would limit the ability of sellers to adjust prices, and would not necessarily result in a decrease in the price paid by buyers.

The Price Paid by Buyers in a Market Will Decrease