I need help with these thank you!
Question 11 D Question 15 2 pts When the price of a good decreases If the current price of a burrito is $3 but the equilibrium price is $5, you would expect a O shortage to exist and the market price to increase. consumer surplus increases. O shortage to exist and the market price to decrease. producer surplus increases. O surplus to exist and the market price to increase. both producer surplus and consumer surplus increase. O surplus to exist and the market price to decrease. O both consumer surplus and producer surplus decrease. D Question 16 2 pts Question 12 If the demand curve for apples shifts to the right when income decreases, apples must be a(n) In order to affect the buyers and sellers in a market, inferior good O price ceilings must be placed on the sellers of the good O normal good price controls will always impact the market O perfectly competitive good O price floors must be above the equilibrium price and price ceilings must be below the equilibrium price durable good price ceilings must be above the equilibrium price and price floors must be below the equilibrium price D Question 13 D Question 19 2 pts What will happen in the market for masks now that the mask mandate is ending? If a decrease in the price of good X causes more units of good Y to be purchased, X and Y are Demand will increase causing the demand curve to shift to the right. O Complementary goods O Supply will increase causing the supply curve to shift to the right. O Normal goods O' Demand will decrease causing the demand curve to shift to the left. O Inferior goods Supply will decrease causing the supply curve to shift to the left. O Substitute goods D Question 14 D Question 20 2 pts Which of the following is correct? Which of the following will happen when a binding price ceiling is imposed on a market? Price controls always help those they are designed to help. A smaller quantity of the good is exchanged after the price ceiling becomes effective. Price controls never help those they are designed to help. O A larger quantity of the good is supplied after the price ceiling becomes effective. Price controls often hurt those they are designed to help. A smaller quantity of the good is demanded after the price ceiling becomes effective. O Price controls always hurt those they are designed to help. All of the choices are correct