Supply Quiz 11 (5 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. What is the government controlled price ceiling on apartment prices called?

2. The ease of changing production to respond to price changes determines

3. As price goes up, the quantity supplied of a good _____

4. An increase in labour costs will result in _____

5. Even though gas prices have gone up 20 cents per gallon, Tim continues to buy the same amount of gas. This is an example of which type of demand?