The Difference Between Quantity Restrictions and Price Ceilings as to Their

question 382

Multiple Choice

The difference between quantity restrictions and price ceilings as to their effect on the market is that

• A) only price ceilings make the market inefficient.
• B) only quantity restrictions make the market inefficient.
• C) while some consumers gain from price ceilings, no consumers gain from quantity restrictions.
• D) while price ceilings are efficient, quantity restrictions are not.

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Definitions:

Nonexperimental Observational Methods

Research techniques that involve observing and recording behaviors or phenomena in their natural setting without manipulating the environment.

Social Psychology

The examination of individuals' cognitive, influencing, and interpersonal relationships within societal environments through a scientific lens.

Thoughts

Mental processes involving reasoning, reflection, or contemplation, often influencing behaviors and emotions.

Feelings

Emotional responses or states that arise in reaction to one's circumstances, perceptions, or interactions.