Which of the Following Statements Is (Are) TRUE? I

question 13

Multiple Choice

Which of the following statements is (are) TRUE? I. Quantity controls drive a wedge between the demand price and the supply price of the good.
II) The difference between the demand price and the supply price at the quota limit is consumer surplus.
III) Quantity controls have no undesirable side effects.

• A) I
• B) II
• C) II and III
• D) I, II, and III

---

Definitions:

Economic Issues

Concerns related to the financial and monetary aspects of society, including unemployment, inflation, taxation, and financial regulation.

Foreign Policy Issues

Concerns and strategies that a country develops in relation to other nations regarding defense, trade, diplomacy, and more.

Political Socialization

The process through which individuals acquire their political beliefs and values, often influenced by family, education, and media.

American Adulthood

The stage of life in the United States at which an individual is considered legally and socially responsible and independent, typically recognized at age 18.