1-What is the difference between consumer and producer surplus? Share your thoughts(four or more sentences) to receive credit. (Question 5 pts.and answer- 10 pts.).

2--What are five things that will shift a supply curve for business? Share your thoughts(four or more sentences) to receive credit. (Question - 5 pts and answer - 10 pts.)

3-What products are in demand today due to the COVID- 19? List five items. Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

4-What is the difference between shifts of demand or supply versus movements along a demand or supply curve? Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

5-Name some factors that can cause a shift in the demand curve in markets for goods and services. Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

6-Define the following terms:

a-complements-

b-inferior good-

c-shortage-

d-substitute-

e-normal good-

(Question -5pts.and answer- 10 pts)

Chapter 4

1-What would be a sign of a shortage in financial markets, especially during COVID? Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

2-Please define the term minimum wage. How will increasing the minimum wage affect our economy? Do you agree or disagree with increasing the minimum wage? Why or why not? Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

3-Please read the article- Bring it Home- Baby Boomers Come of Age. Are the baby boomers still leading in spending more money than any other generation in the economy? Yes or No? Why or Why Not? Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

4- Please list the six factors that can shift demand. Share your thoughts(four or more sentences) to receive credit.(Question -5pts.and answer- 10 pts)

5-Please list the three factors that can shift supply. Share your thoughts (four or more sentences) to receive credit. (Question - 5 pts. and answer - 10 pts)

6-What happens in the price, and the quantity bought and sold in the cocoa market if countries producing the cocoa experience drought and a new study is released demonstrating the health benefits of cocoa? Share your thoughts (four or more sentences) to receive credit.