Examlex
Which is not a correct statement about the undesirable side effects of a quantity control?
A.Deadweight loss does not exist when there are quantity controls.
B.Some mutually beneficial transactions do not occur because of quantity controls.
C.When there are quantity controls, there are incentives for illegal activities.
D.A wedge between the demand price and supply price is created with quantity controls.
Hair Salon
A business establishment where clients receive professional hair cutting, styling, and possibly other cosmetic services.
Contract Clause
A provision found in the U.S. Constitution that prohibits states from enacting laws that retroactively impair contract rights.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
Permissible
Allowed or permitted within a set of rules, laws, or regulations.
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