If the Government Wanted to Reduce the Quantity of a Good

question 112

Multiple Choice

If the government wanted to reduce the quantity of a good traded, it could do so by:

• A)​setting a price ceiling for the good below the equilibrium price.
• B)​setting a price floor for the good above the equilibrium price.
• C)​taxing the good more heavily.
• D)​doing any of the above.

---

Definitions:

Preparing Report

The process of gathering and analyzing information on a specific topic or activity and presenting it in written or oral format.

Statement Purpose

A declaration outlining the intent or main objectives of a document, project, or speech, serving as a guiding principle.

Opening Statement

A preliminary remark or argument introduced at the beginning of a document, speech, or presentation to welcome the audience and set the context.

Infinitive Phrase

A grammatical term referring to the basic form of a verb preceded by 'to', functioning as a noun, adjective, or adverb in a sentence.