1.Thelocal government imposes a tax on the production of beer in Riverside in aneffort to reduce excessive alcohol consumption. At the same time, UC Riversidestudents (beer consumers) leave for summer break. Given these two effects, whatcan we say about the equilibrium price and quantity of beer in Riverside?

A.Equilibriumprice will decrease, equilibrium quantity will increase.

B.Equilibriumquantity will decrease; the effect on price is ambiguous.

C.Equilibriumprice will increase; the effect on quantity is ambiguous.

D.Equilibriumquantity will increase; the effect on price is ambiguous.

2.Theprice of wheat used to make cereal has decreased.At the same time, the priceof milk (a compliment good) has decreased.Given these two effects, what can wesay about the equilibrium price and quantity of cereal?

A.Equilibriumquantity will decrease, equilibrium price will increase

B.Equilibriumprice will decrease; the effect on quantity is ambiguous.

C.Equilibriumprice will increase;the effect on quantity is ambiguous.

D.Equilibriumquantity will increase; the effect on price is ambiguous.

3.Inan effort to reduce skin cancer rates, the government removes all taxes from the production and sale of sunscreen.At the same time, sunny weather and the upcoming spring break season has increased people's desire to have sunscreen.Given these two effects, what will happen to the current equilibrium quantity and price of sunscreen?

A.Equilibriumquantity will decrease, equilibrium price will increase.

B.Equilibriumprice will decrease; the effect on quantity is ambiguous.

C.Equilibriumprice will increase; the effect on quantity is ambiguous.

D.Equilibriumquantity will increase; the effect on price is ambiguous.

Can I get the answers so I can check?