Note: the questions in 6 pages (5 questions) Q.1- The interdependent relationship between supply and demand in the field of economics is inherently designed to identify the ideal price and quantity of a given product or service in a marketplace via the law of supply and demand in perfect competition. Select all the right answers (7 marks) a-When the price decreases, the quantity of demand increases b-When the price is lower than the ideal price the demand increases c-When the price is greater than the ideal price, this implies a shortage in the market d-The desired profit is the difference between the manufacturing cost and other costs e-the breakeven point is the volume for which total revenue and total cost are equal f-Sales lower than the breakeven point will result in a profit and sales that is higher than the breakeven point will result in a loss g- the breakeven point is the point at which a company makes neither a profit or a loss