1Consider the following markets in the United States: Footpath Chalk, Makeup, Blue Light Glasses, Perfume. Which order is most likely ranked from the biggest percentage increase in sales to the biggest percentage decrease in sales due to COVID-19?

Blue Light Glasses, Footpath Chalk, Perfume, Makeup.

Blue Light Glasses, Footpath Chalk, Makeup, Perfume.

Footpath Chalk, Blue Light Glasses, Perfume, Makeup.

Footpath Chalk, Blue Light Glasses, Makeup, Perfume.

2consider the following markets in Australia: Chin Up Bars, Learn-to-Sew Tutorials, Learn-to-Paint Tutorials, Applications for Centrelink. Which order is most likely ranked from the biggest percentage increase in quantity demanded to the biggest percentage decrease in quantity demanded due to COVID-19?

Applications for Centrelink, Chin Up Bars, Learn-to-Paint Tutorials, Learn-to-Sew Tutorials.

Applications for Centrelink, Chin Up Bars, Learn-to-Sew Tutorials, Learn-to-Paint Tutorials.

Chin Up Bars, Applications for Centrelink, Learn-to-Paint Tutorials, Learn-to-Sew Tutorials.

Chin Up Bars, Applications for Centrelink, Learn-to-Sew Tutorials, Learn-to-Paint Tutorials.

3Which of the following is NOT an example of price discrimination?

A used car salesman negotiating with a potential buyer.

A waterpark that charges different prices for different age groups.

A government charging a tax on cigarettes.

A supermarket offering a 'buy 2 get the 3rd one free' discount.

4If you are having a dispute with your landlord about a major repair that needs to be made, according to the Coase theorem, legal fees would be considered

external costs.

marginal costs.

transaction costs.

social costs of the pollution.