I Need help with those questions

Indicate your answer for multiple-choice questions, Q1 to Q11 using the table below. Q1: A change in tastes in favour of samosas will ________ the equilibrium price and __________ the equilibrium quantity in the market for samosas. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q2: A change in tastes in favour of samosas will ________ the equilibrium price and __________ the equilibrium quantity in the market for tamarind chutney. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q3: An increase in the price of garlic from China will ________ the equilibrium price and __________ the equilibrium quantity in the market for garlic from the US. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q4: An increase in the price of cotton will ________ the equilibrium price and __________ the equilibrium quantity in the market for soybeans. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q5: An increase in the price of cotton will ________ the equilibrium price and __________ the equilibrium quantity in the market for rayon. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q6: An increase in the price of corn will ________ the equilibrium price and __________ the equilibrium quantity in the market for ethanol. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q7: An increase in the price of ethanol will ________ the equilibrium price and __________ the equilibrium quantity in the market for corn. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q8: An increase in the price of sugar will ________ the equilibrium price and __________ the equilibrium quantity in the market for molasses. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q9: A decrease in house construction will ________ the equilibrium price and __________ the equilibrium quantity in the market for lumber. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q10: A decrease in house construction will ________ the equilibrium price and __________ the equilibrium quantity in the market for sawdust. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Q11: A decrease in house construction will ________ the equilibrium price and __________ the equilibrium quantity in the market for wood pellets. a) increase; increase c) decrease; increase b) increase; decrease d) decrease; decrease Question Answer Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 Q11 Q12: Complete the following table by indicating how equilibrium price (P*) and equilibrium quantity (Q*) will change. Use + for increase, - for decrease, 0 for no change, and ? for unknown change. One of the cells has been filled in for you. When there is there is an increase in demand and no change in supply, P* increases and Q* increases. Increase in demand No change in demand Decrease in demand Increase in supply No change in supply Decrease in supply P* = Q* = P* = Q* = P* = Q* = P* = + Q* = + P* = Q* = P* = Q* = P* = Q* = P* = Q* = P* = Q* = Q13: Using a short, written paragraph that includes relevant economic terminology, explain why AND how the market is affected by the event(s). Be clear and as detailed as possible. Illustrate each market before and after the event(s) using a single, properly-labelled demand and supply graph. Only one graph is necessary for part d). Summarize the impacts of the event(s) on the market by completing the table at the end of the question. In each cell of the table, insert one of the following: none, increase, decrease, or unknown. a) Market: Used clothing Event: A recession occurs b) Market: Beer in Colorado, Oregon and Washington Event: Marijuana is legalized in Colorado, Oregon and Washington c) Market: Ethanol Event: The price of sugar declines d) Market: Blueberries Events: The price of sawdust increases AND blueberries are recognized as a superfood Part a) b) c) d) Change in Demand Change in Quantity Demanded Change in Supply Change in Quantity Supplied Change in Equilibrium Price Change in Equilibrium Quantity