When a Good Is Made Illegal, Which of the Following

question 53

Multiple Choice

When a good is made illegal, which of the following definitely results in the price rising?

• A) a much higher fine on sellers than on buyers
• B) a much higher fine on buyers than on sellers
• C) any fine imposed on both buyers or sellers
• D) any fine imposed on buyers

---

Definitions:

Increase

A rise in quantity, value, or some other measure, indicating growth or gain in specifics.

Decrease

A reduction in quantity, size, or intensity of a specific variable or entity.

Quantity Supplied

The quantity of a product or service that suppliers are ready to offer for sale at a certain price during a defined time frame.

Quantity Demanded

Quantity demanded is the total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given time.