If the demand for a product increases and its supply decreases, which of the following will happen to the equilibrium price and quantity? Equilibrium Price Equilibrium Quantity a. Increase Indeterminate bl Increase Remain constant c. Increase Increase d. Decrease Indeterminate e. Decrease Decrease O a. Increase, Indeterminate O b. Increase, Remain constant O c. Increase, Increase Q d. Decrease, Indeterminate O e. Decrease, Decrease Refer to the graph below. What is the opportunity cost of producing one additional unit of butter at Point C? Your Answer: units of guns (Round your answer to two decimal places if it is not an integer. Please do NOT include words in your answer.) PPF with increasing opportunity cost 15 0- Possibilities Butter Guns .B (Millions of (Thousands) 12 pounds) C A 0 15 B 14 9 2 D 12 Guns (thousands) D 3 9 E A U 0 0 3 4 Butter (millions of pounds)The demand and supply functions for a particular commodity are given below: The demand function: QD = 286 - 35F The supply function: Q5 = 88 +19P What is the equilibrium quantity (Q)? (Round your answer to two decimal places if it is not an integer. Please do NOT include $ or words in your answer.) The demand and supply functions for a particular commodity are given below: The demand function: on = 110 - 0.48P The supply function: 05 = 62 +0.36P What is the equilibrium Quantiy (Q)? (Round your answer to two decimal places if it is not an integer. Please do NOT include $ or words in your answer.)