If the Government Wanted to Reduce the Quantity of a Good

Multiple Choice

If the government wanted to reduce the quantity of a good traded, it could do so by:

A) setting a price ceiling for the good below the equilibrium price.
B) setting a price floor for the good above the equilibrium price.
C) tax the good more heavily.
D) tax an input used intensively in the industry more heavily.
E) doing any of the above.