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Which of the Following Statements Is (Are) TRUE? I

Question 13

Multiple Choice

Which of the following statements is (are) TRUE? I. Quantity controls drive a wedge between the demand price and the supply price of the good.
II) The difference between the demand price and the supply price at the quota limit is consumer surplus.
III) Quantity controls have no undesirable side effects.


A) I
B) II
C) II and III
D) I, II, and III

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