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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    An Upper Limit on the Quantity of a Good That
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An Upper Limit on the Quantity of a Good That

Question 159

Question 159

Multiple Choice

An upper limit on the quantity of a good that can be bought and sold is a:


A) quota limit.
B) price ceiling.
C) price floor.
D) tariff.

Correct Answer:

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