Multiple Choice
A price control is:
A) control of the price of a good by the firm that produces it.
B) a legal restriction on how high or low a price in a market may go.
C) an upper limit on the quantity of some good that can be bought or sold.
D) a tax on the sale of a good that controls the market price.
Correct Answer:
Verified
Correct Answer:
Verified
Q161: The system of taxicab medallions in New
Q162: If the government sets out to help
Q163: A price ceiling is:<br>A)a maximum price sellers
Q164: Use the following to answer question: <img
Q165: Use the following to answer question: <img
Q167: Which inefficiency is NOT caused by binding
Q168: When the government policy is to regulate
Q169: A quota rent for tuna is the
Q170: The dictator of a small country restricts
Q171: Use the following to answer question: <img