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Suppose a binding price floor is placed on the sale of DVDs.What would happen in the market for DVDs? -Consumers will bribe store owners for

Suppose a binding price floor is placed on the sale of DVDs.What would happen in the market for DVDs?

-Consumers will bribe store owners for the right to buy DVDs.

-Some consumers will buy the good at the legal price and then resell the DVD in the black market.

-The quality of the DVD and service provided by sellers may increase

-Consumers will wait in long lines in order to purchase the DVDs

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