econ test problems

Question 20 Suppose the equilibrium price of a stick of deodorant is $4, and the government imposes a price floor of $5 per stick. As a result of the price floor, the O A. supply curve for deodorant shifts to the right. O B. demand curve for deodorant shifts to the left. O C. quantity supplied of deodorant stays the same. O D. quantity demanded of deodorant decreases, and the quantity of deodorant that firms want to supply increases. L A Moving to another question will save this response. enca W F11 F12 prt sc delete hor 18 10 4+ 144 DII 4 (2 ? backspace # $ % & @ 8 O 2 3 4 5 6 II CC 77 M Y U O Q E R T C F H KThe current market equilibrium wage for automobile workers is $25 per hour. As a result of a decrease in the demand for new cars, the demand for labor in the automobile industry declines. Other things being equal, if the wages of automobile workers remain $25 per hour then A. there will be a shortage of labor in the market. O B. the labor market for automobile workers will remain in equilibrium. O C. the unemployment of automobile workers will go down. O D. there will be a surplus of labor in the market. A Moving to soothor Aaction will es 2021-04-52 hp $10 II prt sc. delete end pg up 19 144 3 15 - 10 4+ hum backspace lock & # % O 7 8 O 3 4 II - 00 home CC 77 P R T U E TT C Y enter 4 D F G H J K S T O pause I shift end X C V B N M TT TThe price of tickets for a Taylor Swift concert is $50. At that price, tickets sell out almost immediately after they are offered for sale. After tickets sell out, there are over 20,000 people who still want to buy tickets to the concert at the $50 price. It follows that O A. the market equilibrium price of tickets to the concert is $50. O B. the market equilibrium price of tickets to the concert exceeds $50. O C. the market equilibrium price of tickets to the concert is less than $50. O D. at the $50 price there is a surplus of tickets on the market. O E. Both C and D. 9 # 5:08 2021-04-22 15 P W ip home end pg up f11 "prt sc DDI +12 delete 6 1- 8 4+ 9 144 15 -1 hum backspace lock & $ % O 4 5 6 7 8 - 00 II 77 M P home CC R _ T Y U O Tr C TT enter D F G H K 2 pause