Complete these 4 multiple choices

A price floor is O a legal minimum on the price at which a good can be sold. 0 often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price floor. 0 a source of inefciency in a market. 0 All of the above are correct. D Question 6 3 pts Although lawmakers legislated a fty-fty division of the payment of the FICA tax, 0 the actual tax incidence is unaffected by the legislated tax incidence. O the employer now is required by law to pay more than 50 percent of the tax. 0 the employee now is required by law to pay more than 50 percent of the tax. 0 employers are no longer required by law to pay any portion of the tax. Which of the following is true when the price of a good or service rises? 0 Buyers who were already buying the good or service are better off. 0 Some buyers exit the market. 0 The total consumer surplus in the market increases. 0 The total value of purchases before and after the price change is the same. D Question 8 3 pts Suppose the demand for peanuts increases. What will happen to producer surplus in the market for peanuts? 0 It increases. 0 It decreases. Q It remains unchanged. 0 It may increase. decrease. or remain unchanged