The total amount of the good that can be transacted under a quantity control is called the:
A)ceiling price.
B)demand price.
C)quota limit.
D)supply price.

Question

Quizplus · Accepted Answer

A quantity control imposes a limit on the total amount of a good that can be transacted. This limit is referred to as the quota limit. The other options, such as ceiling price, demand price, and supply price, may be relevant in other contexts but do not specifically relate to quantity controls.

The Total Amount of the Good That Can Be Transacted