Need help asap

12. The essay \"I, Pencil,\" which illustrates the importance of spontaneous order in a market system, was written by A. Adam Smith. B. Leonard Read. C. Milton Friedman. D. Thomas Sowell. 13. Which markets are represented in the Basic Circular Flow Diagram? A. Markets for \"Financial Assets\" and markets for \"Imports/Exports." B. Markets for \"Factors of Production\" and markets for \"Financial Assets." C. Markets for \"Goods and Services" and markets for \"Factors of Production." D. Markets for \"Goods and Services\" and markets for \"Imports/Exports.\" 14. The \"Law of Demand" implies that A. (all other factors xed) if the price of a good increases, then the quantity demanded will decrease. B. demand curves should be \"upward sloping.\" C. an increase in demand is illustrated by a rightward shift of a demand curve. D. market equilibrium occurs at the intersection of the supply curve and demand curve. For questions 15 through 17, refer to the graph below, which illustrates the market for \"Good 2\" in 202]