An increase in an effective price ceiling will do what in the relevant market? a. The surplus will increase.b. The surplus will decrease.c. The shortage will increase.d. The shortage will decrease.

Plot the below demand and supply schedule. A. What is the market equilibrium? B. Describe the situation at a price of $9.  Describe the situation at a price of $3. What will occur? (Show both situations on your graph). If shortage or surplus, how will the price adjust?C. Suppose the government imposed a minimum price of $10. What would occur? Illustrate (show on your graph). Is the situation that results temporary or permanent? Explain D. Indicate what the price would have to be to represent an effective price ceiling (show on your graph). Is the shortage that results temporary or permanent? Explain    Price Quantity Demanded Quantity Supplied $1 1000 200 $2 800 240 $3 700 300 $4 640 400 $5 600 600 $6 550 820 $7 520 1000 $8 460 1300 $9 400 1600 $10 300 1950

If the exchange was 120 Japanese Yen = 1 US dollar two months ago and now the exchange rate is  135 Japanese = 1 US dollar, then  a) the US dollar has depreciated and the Japanese Yen has appreciated b) both currencies have appreciated  c) both currencies have depreciated  d) None of the choices are correct e) the US dollar has appreciated and the Japanese Yen has depreciated

Market for Gasoline Price SI Pel DI Qel Quantity 9. Fewer COVID restrictions lead to more vacation and work travel by car. a. Shift only one curve on the graph and label the new curve ( b. Surplus or Shortage immediately after the change in demand or change in supply? ( c. Label the surplus or shortage distance on the graph. d. Locate all new points (E2, Pe2, Qe2) on the graph. e. Pe2? f. Qe? Draw new curve and label as required. Write surplus or shortage in the required space and show this distance on graph. Label all new points on graph as required. Write "increases, "decreases," or "indeterminate" next to Pe2? and Qe2? above. If one of these values is indeterminate, indicate this on the graph by addition a "?" to the appropriate label.