please help me with this multiple choices

E Heading 18. Gasoline and heating oil can be both processed out of crude oil. Assume that the price of gasoline Increases substantially. What will we observe in the market for heating off? a] The equilibrium price increases, while the equilibrium quantity decreases bj The equilibrium price increases, and the equilibrium quantity also increases c) The equilibrium price decreases, while the equilibrium quantity increases dj The equilibrium price decreases, and the equilibrium quantity also decreases + 19.Assume that a producer of carpets starts with selling 100 carpets for a price of $40 per carpet. They decide to lower the price to $25 and find that they sell 170 carpets. Calculate elasticity using the mid-point formula. Which of the following is true about the absolute value of price elasticity of demand? a. Price elasticity of demand (or [Ed[) is greater than 1 b. Price clasticity of demand (or [Ed[) is equal to 1 c. Price elasticity of demand (or [Ed] is less than 1 d. Price elasticity of demand (or [ Ed[) is 0 20 What is dead-weight loss? a. It's when consumers pay a higher price and transfer their surplus to producers b. It's when producers accept a lower price and transfer their surplus to consumers c. It's the loss of market participation for both consumers and producers d. It's the revenue made by the government when it imposes a tax 21. A smartphone company releases two versions of its phone- one in a limited-edition gold color and one in a metallic grey color. The gold color version is priced higher than the metallic grey color version. What assumption does it make about the consumers that buy the phone in the gold color as compared to those who buy the metallic grey color? a. Consumers that buy the gold color version have a more price-elastic demand than those that buy the metallic grey phone b. Consumers that buy the gold color version have a less price-elastic (or more price inelastic) demand than those that buy the metallic grey phone c. Consumers that buy the gold color version have the same price-elasticity of demand as those that buy the metallic grey phone d. Consumers that buy the metallic grey version are not rational consumers 22.Why do financial markets have a tendency to fail or crash, having serious implications for the rest of the economy? a] Sellers of financial products have access to more information than buyers of financial products b) Buyers of financial products have more access to information than sellers of financial products c) There are too many regulations in financial markets d) They are affected by externalities from other markets