5. Suppose that the cost of producing automobiles increases. As a result, the equilibrium market price of automobiles the equilibrium quantity of automobiles bought and consumer surplus [1) increases; decreases; decreases [2) increases; increases; decreases (3) increases; increases; increases (4) decreases; decreases; decreases the equilibrium market quantity ofDVD discs sold would , and producer surplus in the DVD disc If the price of DVD players decreasesr the equilibrium market price of DVD discs would market would [1) increase; increase; increase [2) decrease; decrease; decrease [3) increase; decrease; decrease [4) decrease; increase; increase Which outcome is NOT derived from market equilibrium? (1) Consumer surplus must be equal to producer surplus. (2) The price determines which buyers and sellers participate in the market. (3) Those buyers Twho value the good more than the price choose to buy the good. (4) Those sellers whose costs are less than the price choose to produce and sell the good. If the cost of producing LED lights decreases, what happens to consumer surplus? [1) It increases. [2) It increases then decreases. [3) It decreases. [4) It remains constant Market failure is caused by: (l) the inability ofbuyers to interact legally with sellers in the market. (2) the inability of a market to establish an equilibrium price. (3) the inability of some unregulated markets to allocate resources efciently. [4) the inability,r of buyers to place a value on the good or service