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:

Primary Appraisal

A cognitive evaluation of a potentially stressful event to determine whether its effect is positive, irrelevant, or negative.

Potential Stressor

Any event, situation, or condition that has the possibility to cause stress.

Primary Appraisal

The initial evaluation process where an individual assesses the significance of a stressor as irrelevant, benign-positive, or stressful.

Coping Mechanism

Strategies or behaviors employed by individuals to manage stress, deal with traumatic events, or handle daily challenges.