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.
C
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Critics of an equal distribution of income argue that the effect would be to reduce the incentive to be productive
a. True b. False Indicate whether the statement is true or false
In the last 10 years, private union membership has
A. Increased, while public union membership has decreased. B. Decreased along with public union membership. C. Increased along with public union membership. D. Decreased, while public union membership has increased.
What is a private benefit from consumption? What is a social benefit from consumption? When is the private benefit from consumption equal to the social benefit from consumption?
What will be an ideal response?
Wealth inequality persists across generations due, in part, to assortative mating
Indicate whether the statement is true or false