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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