This quiz works best with JavaScript enabled. Home > Finance > Economics > Microeconomics > Demand And Supply Analysis > Demand And Supply Analysis – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Demand And Supply Analysis Quiz 5 (3 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. I foresee gas prices rising tremendously in the next summer. I as a gas supplier, want to cut my supply now so gas prices continue to rise. What supply factor does this best relate to? A) Change in Technology. B) Government Action. C) Change in Producers' Price Expectations. D) None of above. Show Answer Correct Answer: C) Change in Producers' Price Expectations. 2. Under conditions of perfect competition, in the long run firms will most likelyearn: A) Normal profits. B) Positive economic profits. C) Negative economic profits. D) None of above. Show Answer Correct Answer: A) Normal profits. 3. The demand for membership at a local health club is determined by the following equation:$Q_{hm}^d=400\-\ 5P_{hm}$ $Q_{hm}^d$ $P_{hm}$ A) -0.778. B) -0.500. C) -0.438. D) None of above. Show Answer Correct Answer: A) -0.778. ← PreviousRelated QuizzesMicroeconomics QuizzesEconomics QuizzesDemand And Supply Analysis Quiz 1Demand And Supply Analysis Quiz 2Demand And Supply Analysis Quiz 3Demand And Supply Analysis Quiz 4 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books