\"\"35\"\" 6 Analysts that work for the producers of gold report that the price of gold will be lower next year than previously expected. In equilibrium today, the... Nut yet answered 0 a. Price of gold rises and the quantity of gnld rises. Points out of 1.00 F Flag duestiun 0 d. Price of gold falls and the quantity of gold rises. O b. Price of gold rises and the quantity of gold falls. 0 1:. Price of gold falls and the quantity of gold falls. Question 7 Not yet an swered Points out of 1.00 t' Flag question Car insurance and cars are complements. If the price of car insurance increases, the Select one: 0 A. demand tor cars decreases. O B. demand tor cars increases. 0 C. quantity of cars demanded decreases. O D. quantity of cars demanded increases. 0 E. More information is needed to determine if the demand increases or decreases. Question 8 If an input price for a good falls, then there will be a(n)... Not yet answered O a. Contraction of Supply Points out of 1.00 O b. Expansion of Supply O c. Expansion of Demand Flag question O d. Contraction of DemandQuestion 9 If the marginal cost of producing a good falls, then there will be a(n)... Not yet answered O a. Expansion of Demand Points out of 1.00 O b. Expansion of Supply O c. Contraction of Demand Flag question O d. Contraction of Supply\"\"35\"\" 10 Consumers learn that several companies have announced that they will shut down production of electric cars next year. In equilibrium today.... Nutyet \"my\" 0 a. Price of electric cars rises and the quantity of electric cars rises. :33\" out of O b. Price of electric cars falls and the quantity of electric cars rises. t' Flag 0 c. Price of electric cars rises and the quantity of electric cars falls. question 0 d. Price of electric cars falls and the quantity of electric cars 'lalls. Question 11 A reduction in the price of a complement for Good X will cause a(n)... Not yet answered O a. Expansion of Supply of Good X Points out of 1.00 O b. Expansion of Demand of Good X O c. Contraction of Demand of Good X Flag question O d. Contraction of Supply of Good XQuestion 12 Nut yet answered Points out of 1.00 V Flag question Which of the following increases the supply of a product? Select one: 0 A. a higher price for the product 0 B. lower prices tor the resources used to produce the product 0 C. an increase in the expected future price of the product 0 D. a decrease in productivity 0 E. some producers going bankrupt and leaving the industry