Question 1 2.5 pts According to the circular Flow diagram, households... 0 Are buyers in the labor market and in the goods and services market as well. 0 Are sellers in both the labor market and in the goods and services market. 0 Are sellers in the goods and services market and buyers in the market for labor. 0 Are sellers in the labor market and buyers in the goods and services market. Question 9 2.5 pts Identify the scenario which corresponds to the graph of a given market below: $10 $9- 5;. 51- h 55 . 55- 5... 53- h 31- $1- 5. . . . . D N U in I) 100 110 M0 160 O The graph represents a decrease in supply and a decrease in equilibrium price and quantity. (0) The graph represents a decrease in demand and a decrease in equilibrium price and quantity. 0 The graph represents a decrease in equilibrium quantity demanded because of a price increase. 0 The graph represents an increase in demand and a decrease in equilibrium price and quantity. Question 22 2.5 pts Which of the following refers to the relationship between quantity supplied and price? (I) Supply 0 Quantity demand curve 0 Quantity supply schedule 0 Equilibrium quantity