Quota Limits Cause

question 9

Multiple Choice

Quota limits cause:

• A) the demand price to be above the supply price.
• B) the quantity demanded to be more than the quantity supplied.
• C) the quantity demanded to be less than the quantity supplied.
• D) the demand price to be less than the supply price.

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Definitions:

Income Tax

Tax levied by a government directly on income, including wages, salaries, and investments.

Constitution

The fundamental principles and established precedents according to which a state or other organization is governed.

Police Power

The power retained by each state to pass laws that protect the health, safety, and welfare of its citizens.

States

States are distinct political entities with a defined territory, population, and government, which are part of a larger sovereign country or function independently.