1. Consider each of the following statements; is it TRUE or FALSE? You do not need to explain your answer. a) Consumer Surplus can be negative. b) When population increases, demand for housing goes up. c) If the price goes up, then the demand curve shifts to the left. d) If the price goes up, then the supply curve shifts to the left. e) An improvement in technology shifts the supply curve to the right. 2. Consider the following demand equation. 30 = 600 - (1/2)? What is the Consumer Surplus when 33* = 120? Show your work. 3. Consider the following supply equation. p :1, 200 + (1/4)q What is the Producer Surplus when p'\" = 800? Show your work