The system of a special numbered plate that must be affixed to the taxicab in Toronto is an example of a:
A) price subsidy.
B) nonbinding price ceiling.
C) price floor.
D) quantity control.

Name: The system of a special numbered plate that must be affixed to the taxicab in Toronto is an example of a: A) price subsidy. B) nonbinding price ceiling. C) price floor. D) quantity control.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

The special numbered plates are a system of quantity control, limiting the number of taxicabs operating in Toronto.

The System of a Special Numbered Plate That Must Be