1.If there is a surplus in the market for a product, what do you expect to happen to the price of that product?

Group of answer choices

The price is expected to stay the same.

The price is expected to go down.

The price is expected to go up.

The price is expected to go to zero.

2.

Price per bushel 140 S 120 100 80 60 40 20 .D 10 20 30 40 50 60 70 80 90 100 Bushels of applesCost in $ 700 650 600 MC 550 ATC 500 450 (7.5,435) AVC 400 350 (7.5,300) 300 (14.5,285) 250 200 (10,170) .D 150 100 50 MR 2 4 6 8 10 12 14 16 18 20 Quantity of computers, thousands\fCost in $ 700 650 600 MC 550 ATC 500 450 AVC 400 350 300 250 200 D 150 100 50 MR 2 4 6 8 10 12 14 16 18 20 Quantity of computers, thousands$ per pair 120 MC 110 100 90 D 80 ATC 70 MR 60 50 40 30 20 10 2 4 6 8 10 12 14 16 18 20 22 24 jeans per hour$ per pair 120 MC 110 100 90 D 80 ATC 70 MR 60 50 40 30 20 10 2 4 6 8 10 12 14 16 18 20 22 24 jeans per hour$ per Megawatt 200 180 MC 160 ATC 140 120 100 80 60 40 20 MR D 2 4 6 8 10 12 14 16 18 20 22 24 Megawattscost in $ per MT 100 MC 75 63 -- 50 ATC 45 --- AVC 25 24 3 5 10 11 15 20 MT of sugarcane, qscost in $ per MT 100 MC 75 50 ATC AVC P=35 25 5 10 15 20 MT of sugarcane, qsPrice of pens $1 S, S2 .90- .80 .70 . 60 .50 .40 A .30 .20 D B D1 . 10 C D2 50 100 150 200 250 300 350 400 Quantity of pens