I am in serious need of help for this multiple choice quiz. Thank you so much I will give you a thumbs up.

Please use the following link to a news article in order to answer all questions in the Microeconomics News Analysis:https://bit.ly/3fbNtrF

1.According to the article, the emissions target for Australia is:

Group of answer choices

a)96gCO2/km

b)100gCO2/km

c)105gCO2/km

d)159gCO2/km

2.According to the article, if the emissions target is put in effect, the price of some vehicles could increase by up to:

Group of answer choices

a)$500

b)$3000

c)$5000

d)$8000

3.According to the article, if the emissions target is put in effect:

Group of answer choices

a)Consumers have an incentive to buy more cars

b)Sellers have an incentive to supply more electric vehicles and hybrids

c)Sellers have an incentive to maintain their production of high emissions vehicles

D)The price of cars would remain the same

4.According to the article, if the emissions target is put in effect, the standard set by the government:

Group of answer choices

A)Must be met by all cars sold in Australia

B)Must be met by all high-emissions cars sold in Australia

C)Is an average target that a producer has to meet across all vehicles it sells in Australia

D)None of the options

5.What type of economic problem does the article discuss?

Group of answer choices

A)Positive externality in production

B)Positive externality in consumption

C)Negative externality in production

D)Negative externality in consumption

6.This question asks you to think about what would happen in the market for electric and hybrid vehicles if the policy described in the article is implemented.

Assume that electric and hybrid vehicles aresubstitutesfor high-emission vehicles. Demand in the market for electric and hybrid vehicles will likely shift to the (LEFT OR RIGHT?) Supply in the market for electric and hybrid vehicles will likely shift to the (LEFT OR RIGHT?)

7.Suppose the government implements the proposed policy. Over time, some consumers may respond by choosing to live closer to public transport hubs. If so, this is an example of why:

Group of answer choices

A)The elasticity of demand is often lower in the long-run than the short-run

B)The elasticity of supply is often lower in the long-run than the short-run

C)The elasticity of demand is often higher in the long-run than the short-run

D)The elasticity of supply is often higher in the long-run than the short-run

ANOTHER SECTION

6.The following graph represents the market for high-emissions cars. Answer this question assuming that the externality is not internalised.

\fPrice of high emissions vehicles A X :0 NO Wo D + D - Social F- - - - - - - Value 0 Qy Quantity of high emissions vehicles