Government-Imposed Quantity Restrictions

question 319

Multiple Choice

Government-imposed quantity restrictions

• A) generate a higher price for the good than would prevail under freely competitive markets.
• B) generate a lower price for the good than would prevail under freely competitive markets.
• C) does not affect the price of the good because quantity restrictions always ban sale of the good completely.
• D) can cause prices to either be higher or lower, but always cause excess quantities supplied to develop.

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