The upper limit on the quantity of a good that can be bought and sold is the:
A)quota limit.
B)price ceiling.
C)price floor.
D)tariff.

Name: The upper limit on the quantity of a good that can be bought and sold is the: A)quota limit. B)price ceiling. C)price floor. D)tariff.
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Question

Quizplus · Accepted Answer

A quota limit is a restriction that sets a physical maximum on the quantity of a good that can be imported or sold within a country, effectively setting an upper limit on the quantity of the good that can be transacted.

The Upper Limit on the Quantity of a Good That