The total amount of a 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

The total amount of a good that can be transacted under a quantity control is called the quota limit. This refers to the maximum quantity of a good that can be produced or traded within a certain period, which is set by the government or other regulatory body. The other options listed are not accurate definitions of this term. A ceiling price is the maximum price limit that can be charged for a good or service. The demand price is the price at which consumers are willing to purchase a certain amount of a good or service. The supply price is the price at which producers are willing to supply a certain amount of a good or service.

The Total Amount of a Good That Can Be Transacted