Question 1

1pts

With these price controls on bread, would you expect bread quality to rise or fall?

Group of answer choices

Both Rise and Fall

Fall

What? I was not paying attention!

Rise

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Question 2

1pts

if the government forced all bread manufacturers to sell their products at a "fair price" that was half the current, free-market price, what would happen to the quantity supplied of bread?

Group of answer choices

supply would decreases

Indeterminate with the given information.

quantity supplied increase

quantity supplied decreases

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Question 3

1pts

If a government decides to make health insurance affordable by requiring all health insurance companies to cut their prices by 30%, what will probably happen to the number of people covered by health insurance?

Group of answer choices

Fewer people will be covered because health insurance companies will supply less

Indeterminate with the given information

More people will be covered because it's cheaper and more people can now afford it

The number of insured will not change.