Please solve these questions. No cursive.

9:28 AM Mon Oct 12 + 20.2 +5I .)) 8. The elasticity of demand for a product is likely to be greater_. a When the number of substitutes products available is smaller. b When the proportion of one's income spent on the product is smaller. c If the product is a luxury rather than an absolute necessity. d If the product is an imported good rather than a domestically produced good. 9. Which of the following circumstances would cause a decrease in the price of a good? a. An increasing shift in the supply of a good and no shift in demand. b. A decreasing shift in the supply of a good and no shift in demand 0. An increasing shift in the demand for good and no shift in supply. d. An increasing shift in the demand for good and a decreasing shift in supply. 10. Certain kinds of tropical fruits are impossible to grow outdoors in the United States. Suppose, however, that to create jobs in Wyoming, the U.S. government offered extensive subsidies to growers to produce bananas. With the Subsidies, growers could build greenhouses and offer the fruit at world prices. The United States would then a. Have an absolute advantage in bananas b. Have a comparative advantage, but not be competitive c. Be competitive, but not have a comparative advantage. d. Have a comparative advantage and be competitive. 1]. Refer to the Table below. -IEeE_- I ecklaces 16 12 The table shows the output per week of two jewelers, Megan and Caitlyn. They can devote their time either to making bracelets or to making necklaces. What is Megan's opportunity cost of making a bracelet? a. 2 necklaces b. 1/2 of a necklaces c. 1/z of a bracelet d. 3A of a bracelet 12.The cross-price-elasticily of demand for coffee and tea is likely to be a Greater than zero b. Less than zero c cl .Zero. A mfimty 3 / 5