11. There is a total of 100 vegetable farmers in Hong Kong. Because of the recent typhoon, 50 of the farmers' lands are badly damaged. Which of the following will likely happen to the supply curve of vegetable? A. The supply curve will shift to the left. B. The supply curve will shift to the right. C. The supply curve will not shift as the price will rise along the supply curve. D. The supply curve will not shift as the price will fall along the supply curves 12. There are two goods S and R. The demand for good R decreases when the price of goods rises. Assuming other things are constant, goods S and Rare A. inferior goods B. substitute goods C. complement goods D. abnormal goods 13. Matthew owns a hair salon and has the following revenue and costs: Total revenue = $120,000 Total variable cost = $98,000 Total fixed cost-$35,000 What would an economist recommend Matthew to do in the short-run? A. Stay in business because he has no other choice. B. Stay in business because the revenue is covering the variable costs. C. Shut down because the salon is making a loss. D. Shut down because he can sell the furniture and equipment 14. Anthony opens a computer supplies store using his savings of S100,000 from his savings account and a loan of $30,000 from the bank. His savings account is caring 1.5% interest and the interest rate on the bank loan is 6%. What is the implicit cost of capitale A. $3,300+ I B. $1,500 C. $1,800- D. $1,950 15. Disneyland announces that it will raise its ticket price 3 months later. As a result of this announcement, the demand curve for Disneyland tickets today will A. shift to the right B. shift to the left C. not change D. become horizontal