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.

Quota Limit

A government-imposed trade restriction that sets a physical limit on the quantity of a good that can be imported or exported during a specific time frame.

Price Ceiling

A legal maximum price set by the government for certain goods or services, intended to prevent prices from becoming too high.

Tariff

A tax imposed by a government on imported or, less commonly, exported goods to protect domestic industries or to generate revenue.