Price controls such as price ceiling or price floor O A. always produce a fair outcome. O B. always produce the best outcome. O C. can generate shortage or surplus O D. always increase total surplusQUESTION 11 If the price elasticity of supply is 0.8, and price increased by 5%, quantity supplied would DA. increase by 4%. O B. increase by 6.25%. O C. decrease by 4%. O D. decrease by 6.25%