Quantity Restrictions Benefit Which Group the Most

question 85

Multiple Choice

Quantity restrictions benefit which group the most?

• A) Consumers
• B) Suppliers wanting to enter the market
• C) Existing suppliers
• D) Government

---

Definitions:

Medical Expenses

Costs for healthcare that can potentially be deducted from one's taxable income if they exceed a certain percentage of the tax filer's adjusted gross income.

Adjusted Gross Income

An individual's gross income minus specific deductions, key for determining taxable income.

Charitable Organization

A charitable organization is a type of non-profit organization that operates for the benefit of the public or a particular segment of it, often eligible to receive tax-deductible charitable contributions.

Deduction

An expense that can be subtracted from an individual's taxable income, reducing the amount of income subject to tax.