13. Which of the following statements is not true about the demand curve? (a) Movements along a demand curve reflect the changes in consumer's tastes. (b) The demand curve shows the maximum price consumers will pay for various quantities of a product. (c) Movements along a demand curve reflect consumer's response to price changes. (d) The demand curve shows the quantities that consumers will purchase at various prices. 14. Consider two separate and unidentified goods, A and B. If the price of A goes down, and the demand curve for B shifts to the right, then (a) The demand curve for B will not shift, but the quantity demanded of B will increase. (b) The two goods are complements. (c) The two goods are substitutes. (d) The goods are inferior goods. (e) The demand curve for B shifts to the left, not the right. 15. The supply curve tells economists (a) The maximum quantities sellers are willing to offer for sale at alternative prices. (b) The quantities sellers will offer as their production costs change. (c) The maximum quantities that can be produced at alternative prices. (d) The quantities that sellers can legally supply. Consider the following United States market for a brand of Cretan Raki called Kreta Raki. Use this to answer Questions 16 and 17. Price Supply2 $100 Supply1 $80 $60 $40 $20 Demand, 0 5 10 15 20 25 Quantity (in hundrends) curves. 16. What is the equilibrium price and quantity of Kreta Raki? (Use the 1st supply and demand (a) P: $80 ; Q: 10 (b) P: $40 ; Q: 20 (c) P: $80 ; Q: 1,000 (d) P: $40 ; Q: 2,000