2. Supply and Demand
Price Controls — Quiz
Test your understanding of price controls with 5 practice questions.
Practice Questions
Question 1
What is a price ceiling?
Question 2
Which of the following is a potential effect of a price floor?
Question 3
Why might a government impose a price ceiling on essential goods?
Question 4
What is a common result of a price ceiling on housing?
Question 5
What is a black market?