Please Answer Correctly

1.) If there is a shortage of a good, the quantity demanded ______ the quantity supplied and the price will _______.*

is less than; rise

is less than; fall

is greater than; rise

is greater than; fall

2.) Given the demand curve, Qd = 50 - 2P

the quantity demanded is 46 units when the selling price is P2.

the quantity demanded is 50 units when the selling price is P2.

the quantity equilibrium is 46 units when the selling price is P2.

the quantity equilibrium is 50 units when the selling price is P2.

3.) The slope of the demand equation can be measured by

the formula change in price divided by the change in quantity demanded.

the formula change in quantity demanded divided by the change in price.

the change in demand divided by price.

the change in price divided by demand.