Typically,the government limits the quantity of a good that can be bought and sold by:
A)licensing the suppliers.
B)setting a price floor below the equilibrium price.
C)maintaining the equilibrium price regardless of changes in demand and supply.
D)setting a price ceiling above the equilibrium price.

Question

Quizplus · Accepted Answer

Licensing the suppliers is a method governments use to limit the quantity of a good that can be bought and sold, by controlling who is allowed to supply the good.

Typically,the Government Limits the Quantity of a Good That Can