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If a nonbinding price floor is imposed on a market, then the a. quantity sold in the market will stay the same. b. price in the market will increase. c. price in the market will decrease. d. quantity sold in the market will decrease.

Answer :

jayilych4real

The thing which would happen if  a nonbinding price floor is imposed on a market is that the quantity sold in the market will stay the same

What is a NonBinding Price Floor?

This refers to the price which is significantly lower than the equilibrium market price.

Hence, when a nonbinding price floor is imposed on a market, then this simply means that the quantity sold in the market will stay the same because they are operating way below the surplus.

Read more about nonbinding price floor here:
https://brainly.com/question/24989448

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