7) Marginal Costs 8) Fixed Costs - For The Following Problems What Happens to Price and Quantity For The Scenario? 9) Over 25% of the oil fields in the Middle East Farmers have been bombed by enemy drones. The United States imports 50% of its oil from the bombed area. What will be the impact on Price and Quantity in the US oil market? Ceteris Paribus 10) The United States farming industry depends heavily on immigrant labor from Mexico. The United States imposes restrictions on immigration to the point that 85% of the farming labor force is no longer available to the American Farmer. What happens in the farming industry? Ceteris Paribus 11) The United States decides to promote solar energy usage by allowing a $5,000 tax credit to every homeowner that installs solar panels. What will happen in solar panel market? Ceteris Paribus 12) There are two cola products available in the United States. One product is Coca Cola and the other is Pepsi Cola. The United States imposes a 10% tax on all Coca Cola products because they have polluted wetlands around their major plant. What is going to happen in the cola markets? 1 OCT 19 02 wood a (od etv w