Answer:
The price received by sellers in a market will decrease if the government imposes a binding price floor in that market.
Explanation:
If the government imposes a binding price floor in the market, this would make the binding price ceiling to occur below the equilibrium price.
The lower price would generate a shortage of housing by increasing the quantity demanded and reducing the quantity supplied.
Therefore, the price received by sellers in a market will decrease if the government imposes a binding price floor in that market.
