What will happen in a market where a binding price floor is removed? group of answer choices the price or quantity of the product sold in the legal market will not change. there will be upward pressure on the prices. the products sold will become scarcer. there will be downward pressure on the prices. there will be increased pressure to buy and sell the good on the black market.

The correct answer is letter "D": There will be downward pressure on the prices.

Explanation:

Price floors are the minimum legal prices that buyers are expected to pay for a product. These prices are usually set by law with the intervention of the government. In the case the price floor is removed, the price tendency is to go down since as there is no minimum price anymore, buyers could take advantage of the situation to offer less money for the same product.

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

the first one $24,630