Question 2 (1 point) Figure 4-2 Price S $40 - 35 -... 30 25 20 - 15 -osman 10 - D 5 - 100 200 300 400 500 600 700 800 Quantity Refer to the figure. What would happen at the price of $15? O There would be a shortage of 200 units. O There would be a shortage of 400 units. There would be a surplus of 200 units. O There would be a surplus of 400 units.Question 5 (1 point) Sugar 13 a normal good. You observe that both the equilibrium price and quantity of sugar have risen over time. Which of the following would be most consistent with this observation? - | ) Consumers have experienced an increase in income and sugar-production technology has improved. () The price of artificial sweetener has risen and the price of coffee has fallen. N . () Consumer tastes have changed so as to prefer sugar less than before. ./ \\. - . () The demand curve for sugar must be positively sloped. Question 9 (1 point) Figure 5-2 Refer to the figure. What happens to total revenue if price falls along part C of the demand curve?? Total revenue rises because demand is elastic Total revenue falls because demand is inelastic Total revenue falls because demand is elastic O Total revenue does not change because demand is unit elastic