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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Definitions:

Debilitating Fatigue

Extreme tiredness and weakness that significantly impairs physical and cognitive abilities, often a symptom of various health conditions.

Widespread Muscular Pain

Generalized muscle pain across many parts of the body, often related to conditions like fibromyalgia.

Diathermy

A medical and surgical technique involving the use of high-frequency electric currents to heat deep muscular tissues, reducing pain and improving circulation.

Therm

A unit of heat energy, equivalent to 100,000 British thermal units (BTUs), used mainly for heating.