the effect of a quantity restriction is\na. an increase in quantity supplied\nb. a higher price\nc. a…

the effect of a quantity restriction is\na. an increase in quantity supplied\nb. a higher price\nc. a reduction in demand\nd. higher taxes to pay for the quantities of the good that the government must buy and store

the effect of a quantity restriction is\na. an increase in quantity supplied\nb. a higher price\nc. a reduction in demand\nd. higher taxes to pay for the quantities of the good that the government must buy and store

Answer

Brief Explanations:

A quantity restriction reduces the amount of a good available in the market. According to the law of supply - demand, with a decrease in supply (due to quantity restriction) and unchanged demand, the equilibrium price will increase.

Answer:

B. a higher price