8. An example of price flooring would be the government setting the price of sugar at:

a) the equilibrium market price

b) above the equilibrium market price

c) below the equilibrium market price

d) after the equilibrium price

11. In the indifference analysis, the consumer reaches an optimum

a) when indifference curve is tangent to the demand curve

b) when indifference curve is tangent to the budget line

c) when indifference curve is tangent to production possibility curve

d) when the consumer's income increases