Test incompl/advan-195, Question 2

[English Learner]

Business English Lesson, Advanced Level

ESL/EFL Test #195 "A good real estate rental market", question 2

Boom times typically engender oversupply of product, but construction prices have skyrocketed due to natural disasters and rising commodity prices, which has ......... new building in all property types.

(a) ameliorated
(b) mollified
(c) tempered
(d) transformed

Business English Lesson, Advanced Level

ESL/EFL Test #195 "A good real estate rental market", answer 2

Boom times typically engender oversupply of product, but construction prices have skyrocketed due to natural disasters and rising commodity prices, which has tempered new building in all property types.

Correct answer: (c) tempered
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Could you please confirm if I understand this sentence correctly?
"In good time, it tend to oversupply the product (new buildings), but since construction price is high because of natural disaster and rising commodity price, it tempered (moderated) the new building in all types of property (business)" Is this right? Thanks.

[Mister Micawber]

That's right.
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Native English teacher at Mister Micawber's